This blog used to be about debt. Now it's about a few more things. But really, it all comes back to debt. Trust me.

Tuesday, January 16, 2007

Veto Destiny


Remember the plan to cut student loan interest rates in the first 100 hours of the new congress? Remember the incredible shrinking scope of the bill, which I covered here?

Well, it turns out the president will veto the bill, saying that direct aid and grants are a better solution. Of course, the White House offers no specific plan or near-term funding for more "direct aid."

It's a bit like their love of Hydrogen and fuel cell vehicles. They believe in long term solutions, preferably those that take 20 years for someone else -- the beloved "Private Sector" -- to build.

2 Comments:

Blogger Tisha! said...

Oh my what a pity! Even with it's flaws that plan would have helped students immensely. Such a shame.

btw I faved you on Technorati and finally I know took me a long while blogrolled you!

Hope all is well!?

January 17, 2007 6:11 AM

 
Blogger reversed said...

Yes, quite a shame about the veto. Justice will come soon enough ;-)

Thanks for the fave and blogroll!

January 17, 2007 7:16 AM

 

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