>The Republican alter-ego laughs and says "we already fixed it because you can't get rid of that shit, even in chapter 7 and 13 bankruptcy."
That's not Republican at all. Debt that is impossible to get rid of is the entire reason that the market can't price this correctly. People essentially have access to hundreds of thousands of dollar loans without collateral or any proof of the ability to pay it back because of government intervention. It's antithetical to the entire 'free market' ideology.
The Republican alter-ego in you would actually say something like, "treat this like any other debt that can be discharged in bankruptcy and it will be priced appropriately by the market."
Dschargeable student loans, and the subsequent elimination of everyone and their dog automatically getting student loans, would also probably go a long way towards reducing constantly-ballooning tuition in the US.
That's not Republican at all. Debt that is impossible to get rid of is the entire reason that the market can't price this correctly. People essentially have access to hundreds of thousands of dollar loans without collateral or any proof of the ability to pay it back because of government intervention. It's antithetical to the entire 'free market' ideology.
The Republican alter-ego in you would actually say something like, "treat this like any other debt that can be discharged in bankruptcy and it will be priced appropriately by the market."