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Forgive me, Uncle Sam, for I have not sinned.

There's been some talk about student debt forgiveness as a way to stimulate the economy. (See ATL, University Business, and The Huffington Post.) My first thought was, "Yeah, right." My second thought was, "Please God, make this happen!" I'm no economist, but, at first glance, forgiving student debt makes about as much sense as any other piece of the bailout. Moreover, it seems much more politically palatable than bailing out the auto industry, bad mortgages, or wall street. Students, after all, didn't make questionable (read: bad) decisions that got them into this mess; they relied on a system that failed. Besides, everyone loves education!

So I guess the real question is, would this work? And what would you do if all of your debt was forgiven tomorrow?

Full post as published by Nuts & Boalts on March 12, 2009 (boomark / email).