Not explicitly, but it seemed like you were being more empathetic to those living in a high-risk area. Forgive me if I misread that.
I agree. There have been numerous warnings over the past several years about a repeat of Katrina, or worse. And yet, it seems like nobody listened.
FWIW, I thoroughly enjoy New Orleans (for 2-3 days), so I'm not rooting for the city to disappear. But, I am tired of the lack of common sense and this seems like a no brainer.
If people come back and rebuild for a third time in the past decade, I'm not sure what to think when the seemingly inevitable happens again.
I also would prefer to allow bankruptcy because it will impact the lenders, although the majority of student loans are publicly subsidized, so the taxpayer will likely be on the hook in any event.
Playing devil's advocate, while allowing those loans to be discharged, will that actually require government agencies or GSEs to clamp down like you will see from the private lenders? Or will there be political intervention that forces them to continue lending, even with higher risk?
And a follow-up, if lenders do reduce their exposure, we collectively agree that will reduce the costs. However, with less available financing, will that further the disparities between Asian and White attendees and Black and Hispanic attendees since the savings/means will be much more important?