Related from Zero Hedge: "Should Students Voluntarily Default On $1.3 Trillion In Debt?" In the logic of Warren and deadbeat Lee Siegel, yes, because they were duped or something:
So according to Siegel, because the free market doesn’t value (in monetary terms) writers as much as it does say, petroleum engineers, that means writers shouldn’t have to repay their loans.This is part of the reason why I loathe Elizabeth Warren's rhetoric of victimology: it absolves the true believer of any personal responsibility. Everybody's getting "hammered" and the "game is rigged" so - of course - I don't need to repay my loans for that degree in gender studies.
But there’s no inherent injustice in the fact that writers are not, on average, paid as much as petroleum engineers. It is Siegel’s right to choose what he wants to study and thereby what vocation he wants to dedicate his life to. If that’s writing, so be it. That’s great.
It is however, society’s right to determine how much Siegel’s writing is worth. If that determination leaves Siegel unable to service his debt, he does not have the right to punish society for how they valued his work by forcing taxpayers to take a loss on his student loans.
Meanwhile, as Greece's deeply dysfunctional government heads towards default, they've decided it's a good idea to prod Germany for World War II reparations. Because, really, isn't it their fault?
Extra - Kevin Williamson: "Student loan deadbeats: fashionable theft."