@djsumdog I know this is an odd take but I think that the kind of permanent indebtedness where they never own anything and whatever progeny they have will inherit nothing that Xers, millennials, and zoomers are facing is just not going to fly. I think that no amount of lobbying is going to beat this. I think the banks are going to lose this argument in the end.

Millennials in particular are entering the "fuck you, pay me" phase of their lives. Even if they went $250k in debt for a retarded degree in their late teens/early twenties, they're just not going to be willing to work if the pay never amounts to having a good life. This frankly primal drive will trump everything else. They will get paid for real like they were promised, and that's after the student loan payments, or no real work gets done. Failing that they will begin unraveling the nation with nonviolent means out of spite while living off gibs. You cut the gibs off, the guns come out.

This idea that people will just tolerate being treated like garbage their entire adult lives because they were retarded when they just barely became adults is in itself retarded. It's suicidal. The bottom line will always be you need to make a good life realistic in spite of dumbass 20-something life choices to avoid wasteful unproductiveness, and you need to feed people to avoid outright violent revolution.

And so a debt jubilee seems inevitable imo.

@georgetakei