Hot Air expands on my point about Obambi and student loans:
The bad news? Thanks in part to the Hopenchange economy, fully half of his target demographic will have no means of repaying their debt after they graduate, no matter how low the interest rate is. The “good” news? No paycheck means no FICA, so they’ll be spared temporarily from contributing to an unsustainable entitlement system that’s ripping them off by promising benefits it can’t hope to pay by the time they reach 65.
