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You are confusing two questions...
1 - Should the government have entered into these agreements?
2 - Did the government enter these agreements and must the government abide by agreements it enters into?
The answer to #1 has nothing to do with the answer to #2. If you don't like the agreements, don't make more of them and vote out anyone who wants to create new ones. I agree with you lifetime anything is a bad economic decision. That doesn't change the debt owed to people. The same holds true the other way around... Having student loans excluded from bankruptcy protection is beyond idiotic, but you won't see banks, schools or the government retroactively toying with those commitments either.
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