[metaphorm]

The "moral hazard" argument holds very little water with me in this era. We've bailed out big banks despite the moral hazard, because it was necessary or else the consequences would have been ever worse. I think a similar argument is applicable to student loan debt, except that student debtors are a much more sympathetic and deserving beneficiary than big banks ever were.

The simple truth is that the world isn't a fair place and doing the right thing is not the same thing as doing the fair thing. Fair is "everybody gets treated equally". That just isn't how things work in the real world. Right is "to the best of our ability, we try to help people get what they need." That's something we can really aspire to. Doing the right thing.