Beautifully written, insightful in identifying a huge problem, and a very interesting proposal on how to solve the problem. Other's have already commented that those student loans are the responsibility of the students who took them and not the tax payers, and I agree. On the other hand, those students were feed a lie, by the universities and society, that if they got a degree they would get a job. I don't have a better solution.
One other point is the youth rarely vote and efforts to mobilize them usually fail...perhaps for the same reason that they took out a $100,000 student loan for a liberal arts degree.
I really enjoyed reading this massadvj, and the bearing of you own feelings though it made it a much more compelling and interesting story. Thanx for sharing it.