It's not a game. Suicide rates will go up. People in their late 40s are going to get laid off and have a hard time finding equivalent work ever again. There are a lot of people straining themselves to buy a home at this exact moment. Kids graduating with record student debt, thinking they did everything they were supposed to do, will find themselves in an even softer economy. And all of this will happen during a 4 year assault on our social safety nets.
I am most concerned about your last point. I do not believe that student loan debt will be the cause of the next recession but it will definitely be a massive compounding factor after it begins. A bunch of people in there 20s defaulting on loans is going to create one hell of a mess.
