This view isn't even a socialist view of Bernie's.
Wall Street should pay dearly considering they more or less help orchestrate the collapse that led to millennials in particular suffering one of the worst job droughts in the last century. They set back an entire generation with their horrible handling of the mortgage crisis and destroyed plenty of lives outside of millennials. They got away virtually unscathed (let's be honest a few billion in fines and ONE guy going to prison is far less scathed than a traffic ticket). The payment for their near destruction of the world economy should be in the TRILLIONS - this wouldn't even be enough. You are aware wall street has already securitized student loan debt right? These criminals have to be stopped before they bring us to the brink of economic collapse AGAIN. I'm not for a tax, I'd prefer bankruptcy discharge, but at least something is being talked about.
I see you are a a neocon charlatan. The deep right has been in the pockets of wall street and corporate interests forever. Since when did "for the people, by the people" become a leftist view? The only way to attack the criminal cabal known as wall street is via taxes or laws, unfortunately. They have proven time and time again to be invulnerable to prison sentences. So the system must be fundamentally altered so they can't have their cake and eat it too.
Something must be done to help people with this type of debt. Since people seem to not like the idea of allowing bankruptcy discharge of student loans (further punishing banks and wall street) this idea is the next best thing. You don't want to be around when the artificial floor holding 1 trillion dollars in student loan debt collapses. Student loan debt securitization, the fact it's eclipsing all other forms of debt at a record setting pace, and the unwillingness of old charlatans such as yourself to do ANYTHING, will be a hot button issue for the next decade of elections.
While I agree bankruptcy discharge is the ideal solution - I disagree that extending the time solves the problem. Employment numbers are heavily manipulated - and employment (having a job) and gainful employment (having a job that supports your life) are two different things.
Millennials in particular are delaying major milestones in their life, and becoming less than half the consumer of previous generation. The facade of stability is going to collapse when boomers and gen X can no longer hold the economy up because, despite delaying loans, over half of millennials have almost nothing saved for retirement. If something isn't done (ideally, bankruptcy discharge to simultaneously punish both banks and wall street without additional tax), we are in for a world of hurt in less than two decades.
