"Why should someone who has $10000.00 in debt cancelled not have to pay taxes on it."

The taxpayers guarantee Federal student loans, so the colleges can raise their charges. The Feds offer loan forgiveness for public service and other qualification, and now at a base level, which is what the taxpayer was already on the hook for, anyway. Instead of making good education available on a wider basis, we run the money in circles. In our region, there was a study that figured out a dollar will circle through 7 steps before it's all used up.

It's the circle of life.YMMV