Debt forgiveness is a necessity for a healthy society. When, how, how much, and for whom are the real questions to be asked.
In this case, it's the HOW that is problematic. In a sane world, all scorn would be heaped on the person that promised debt forgiveness knowing they didn't have the power to do so, for personal political gain, and willing to attempt to set a very dangerous precedent of limitless spending with the stroke of a pen by any president.