Laura Flanders contrasts Barack Obama’s happy talk to the graduating class at Barnard College with the realities of the student loans racket:
…Except it’s a different sort of debt bomb. It the sort that individuals have to carry about. Thanks to federal law, there’s no declaring bankruptcy on student loans and there’s no debt relief. There’s no getting a refund for an education that did you no good. At the end of the day those payments can be drawn directly out of your social security check…
