I'd be all for university debt cancellation if it was in the form of universities not getting paid. Because as you say, they provided a shitty product. And as a parent poster said, if they get paid they'll just keep or raise rates so this is the best way to correct the root problem as well.
But I'm against debt cancellation if it just means that we get to pay for their shitty schooling, and we both know this is what they're pushing for. Increasing the tax burden on those who didn't get loans and didn't go to fancy schools.
Why shouldn't they just be allowed to go bankrupt? Then people who made bad loans would suffer. And they wouldn't be able to buy TVs and other crap on credit for a few years which for this specific demographic, might be a lesson.
But I'm against debt cancellation if it just means that we get to pay for their shitty schooling, and we both know this is what they're pushing for. Increasing the tax burden on those who didn't get loans and didn't go to fancy schools.
Why shouldn't they just be allowed to go bankrupt? Then people who made bad loans would suffer. And they wouldn't be able to buy TVs and other crap on credit for a few years which for this specific demographic, might be a lesson.