A small but important correction. The debt was never cancelled, but socialized and payed by all the American citizens. A loan that was taken voluntarily by adults was arbitrarily reassigned and forced upon the rest of the American citizens, including all those who never had accepted to take such debt.

Completely violating the principles of personal responsibility.

It is very easy to be generous and altruist with someone else's money and then even take the credit for it.

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thrance 3 days ago | parent [-]

Public higher education yields more skilled workers, who contribute more to society, thereby being a net positive overall. That's how it works in civilized country anyways. Too bad the average American can't think further then "Me no share, fuck you".

	▲	typeofhuman 3 days ago \| parent [-]
		"Public higher education yields more skilled workers" as compared to what? Laborers or trade-skill workers? I think people overestimate the ROI of a college diploma. Let's just assume you are correct. The solution should be universities lower or eliminate tuition. Not exponentially increase it. Not pay presidents and coaches millions and millions of dollars. And not stick taxpayers with the bill - or devalue our currency with government spending.