this post was submitted on 20 Jun 2023
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this is literally a case of you preferring perfect over good actually being done, to the detriment of everyone. while i would also prefer total cancellation, for a majority of debt-holders, up to $20k in forgiveness would wipe out their student loan debt.
to put it another way: a much more constructive way of considering this policy, in my view, is to frame it as "this is good... and we can make it better", not to downplay how substantial even this cutoff point is for a huge number of people. it's not Bad Actually because we're only ending student loan debt for like 50% of borrowers and not 100%!