I stand by my belief that mass debt relief is a big glowing sign with blaring alarms that screech "HOLY FUCK WE DON'T HAVE OUR SHIT TOGETHER IN THE SLIGHTEST SENSE OF THE SAYING, PLEASE PARK YOUR MONEY LITERALLY ANYWHERE ELSE." to the rest of the global market. But I do agree with your general argument that younger generations were sold a lie and have been taken advantage of by scumfuck bankers and university admins that have seized upon the opportunity to create a permanent serf class of indebted, heavily indoctrinated wage slaves. The interesting times are only just beginning imo, unfortunately.
This is what they have planned, but getting the Diversity Hire re-elected is going to take election "fortification" far in excess of what happened in 2020, and it's not at all guaranteed that the Dems will be able to do that, especially with the AZ audit attracting attention from republican politicians from other states now.
I'm a couple of dozen pages behind... sorry...
There are two absurdities in all this....
One is that the unquestionable foundations of the entire academic zeitgeist have needed, over time, to become MORE divorced from reality, as any fanciful creative explanation of why something "that wasn't a problem is now a problem" sometimes catch on as canon in the ideology, and that accelerates the distancing from reality, which makes those indoctrinated become self-indoctrinating, so the academics CANNOT see their cartoon reality as wrong, nor can those who fell for it, and must continue the self-indoctrination.
The second is the main financial winners in all this are massive, amoral corporations called universities who are essentially shucking the potential wealth from lower and middle class people -- those same people being indoctrinated to consider any other such corporations as their enemy. It accelerates, again, disconnect from reality and double-think, leading to even more batshit thinking.
And on the political side, it makes the petty bourgeois (and yes, social leeches like Women's Studies majors and Starbucks barristas are petty bourgeois from a legit Marxist POV) think THEY are working class, and revile the actual working class. In the US, that leads to the Democrats basically gambling on and pandering to retards who have no sense, can turn on them in a second, and contribute very little or nothing to the nation, and to lose what was once a fairly secure in some cases, but at least viable demographic for voters and one which contributes and is fairly predictable in their loyalty: the actual working class, blue collar workers. It's built into the ideology that came from academia. The older and higher up political animals must know this and wish the indoctrinated would just STFU, think the Pelosis vs. the Ocasio-Cortezes. People are growing older though, and slowly the unreality will take over the higher end of the party, and then there are thre echoices: wake the fuck up, be in power in such a way you can remain there in a totalitarian fashion, or disappear.
It's all such absurdity. I think Trump was an early warning symptom of the problems on the left, rather than any strength on the right. In a way the absolute lunacy of the left, and TDS in particular, the complete abandonment of rationality Trump induced in those peon indoctrinated fools was so threatening to their self-image and to their unwillingness to face the inward reality of personal failure that they saw Biden as a savior. And that's about the most ridiculous part. Because they still feel the threat, and once the endorphin rush of vanquishing the evil DRUMPT completely wears off, they will go after Biden as well, hoping that will get rid of the threat they feel. (It won't, it's now largely baked into the cake of their ideology and personalities.)
The money isn't the issue (the debt relief) , but the psychology of the ideology, IMO. IT will probably lead to voter apathy in that demographic, or more vitriol culminating in populating every position of the party with lunatics, and absolutely destroying it. It depends how well Democrats keep them distracted by whatever new laser pointer for cats/Trump clone they trot out, but in 2024 I don't think the student debt relief will carry nearly as much weight as it will in 2022.
My 2 cents, anyhow.
I dunno, this is just me thinking out loud, but seems pretty reasonable...