Outstanding student loan debt has topped $1 Trillion in 2012. Washington is not doing anything to eliminate the crisis at hand. Let's force Washington to do something about this!
I petition that all student loan debt is forgiven and taxed as ordinary income over a period of 10 years. The taxpayer who has the loan(s) forgiven can pay the tax in 10 payments or as quickly as possible.
The goal is not for a handout but rather to stimulate the economy. The next set of home-buyers is trapped in debt paying thousands in interest each year. Help them get out of debt in order to revive a struggling housing market!