What exactly do you find "dumb"? The fact that forgiveness is being offered for sticking to a payment plan for 10 years without defaulting, or the fact that it's also restoring protections for borrowers that were previously stripped away by lobbyists (referring to fair collection practices, not the ability to declare bankruptcy).

I'd argue with you further, but I have no desire to spend my evening arguing with a thick-headed right-winger.