Trump is now planning to garnish the wages of student borrowers who have defaulted on their loans. As a reminder, student loan debt is one of the ONLY types of debt that can't be extinguished in bankruptcy. Which is the biggest reason why the student loan bubble got so big in the first place. Lenders had no problem bankrupting an entire generation knowing that Congress would force them to live in indentured servitude. If Trump was garnished for all of the loans he has defaulted on, he would be living in a cardboard box right now. With this action we can be assured that when the beggars on Wall Street come looking for their next bailout, it will be met with rioting. All is set now.
