Looking back on the year, I believe that the best victory for progressives was student loan reform, which was passed as part of the reconciliation measure. While not as large in scale as some of the bills passed by this Congress, it still was a substantial measure that ends over $60 billion in government waste. [...]

Yesterday was actually big victory for progressivism. Not in health care, but in student loan reform. Finally, a wasteful and worthless corporate welfare program was eliminated. The taxpayer dollars that were being thrown away on private profits will now be redirected to help low income students attend college and pay down the debt. This is [...]

With little public notice or fanfare, the federal government has been providing financial institutions involved in the student loan business with a bailout projected to be over $100 billion: 2007-2008 2008-2009 2009-2010 TOTAL Loan Purchase Commitment Program $997,945,088 $48,538,600,137 $2,540,422,115 $52,076,967,340.00 Loan Participation Purchase Program $33,359,067,388 $25,565,704,156 $58,924,771,544.00 Asset-Backed Commercial Paper $31,540,088,059 $31,540,088,059.00 This makes [...]

President Obama has proposed ending one of the more wasteful crony capitalism programs currently funded by the federal government. The government provides students loans in two ways–the first and most effective of which is to just directly loan money to students. This is done through the William D. Ford Federal Direct Loan Program. The other [...]