TIM CAVANAUGH: Deadbeat: Not Just A Circumstance, A State of Mind. “When you take deadbeats and give them a free opportunity to get out of contractual obligations they willingly signed before God and country, a fairly reliable majority of them — and often a fillibuster-proof 60+ percent — end up deadbeating again. . . . So if these borrowers really are honest citizens who just need help getting back on their feet, the percentage of redefaulting loans should be going down, not up. That’s not the case, because they are not honest citizens. They’re deadbeats, and it’s time to stop pretending they can be anything else.”