[lapcat]

Saddling people with a lifetime of student loan debt is a moral hazard that has already occurred. Moreover, college students are already taking out more debt, and universities are already raising tuition, despite the lack of forgiveness.

Would a one-time forgiveness cause an increase in college costs? I don't know, maybe? And if it did, by how much? I don't know, do you? Maybe the problem needs to get worse in order to put pressure on Congress to finally address it comprehensively. And if Congress still refuses to address the problem despite its getting worse, then you can no longer argue that we need to wait for a comprehensive solution, because that's not coming. Perhaps the occasional forgiveness event is the best and only thing we can do in the face of persistent gridlock. I hope not, but...