>But that goes against the basic tenets of capitalism... for it was written "it's better that thousand families starve than to have one loan forgiven!".
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>I have never been in debt. I have never lived beyond my means - even when I was a student with no car or TV and was making $1 per hour as a waitress. Why should I be punished for that by rewarding someone else for not being as responsible as I am? Where do you think the money comes from to forgive these loans? It gets paid for by higher prices for everyone or higher taxes or more borrowing by the government. You think that 20 trillion in debt is too low? Seems pretty stupid to reward bad behavior.

The responsibility for the bad behavior doesn't belong with the victims of predatory loans and a corrupt system - it belongs to those who have created it, making it almost impossible for young kids today to do what you did.