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.