$132 billion in approved debt cancellation out of a total of $1.7 trillion, and that paltry percentage is planned to be cancelled if people subscribe to the right repayment plans and have no meaningful changes in income (“Sorry bud, you gotta keep working retail for your entire adult life because otherwise your monthly expenses go up by a thousand dollars!”) over the next 40 years. And that’s assuming the entire plan doesn’t get scrapped by the next administration, which it almost certainly will be.

It cannot be overstated how absolutely, completely fucking useless this plan is. It makes the ACA look like the New Deal by comparison. It’s like King Louis XVI walking out to a horde of starving peasants and saying he totally addressed food prices by handing out two dozen loaves of bread every three months.