Politicians often put Band-Aids on problems rather than address their root causes. It’s always tempting to make your constituents happy now and pass the burden to future generations. Such is the case with the disastrous plan to “forgive” student loan debt.

Everyone agrees that something must be done about skyrocketing costs at colleges and universities. Second only to mortgage debt, student loan debt has grown approximately 157% in the past 11 years to $1.6 trillion.