The new issue of The Weekly Standard has an excellent article by Andrew Ferguson examining the changes the Obamaites are making in the whole crummy (not to mention unconstitutional!) business of federal loans for college students. The truly bothersome development Ferguson points out is that the feds will forgive students their loans (it’s so easy to be generous with other people’s money) if they go into “public service” employment. That reflects the leftist notion that working for a non-profit organization (including government, of course) is noble, while working for an organization that seeks to earn a profit is naughty.

Go to work for ABC Enterprises, you have to pay your loan off. Go to work for ACORN and it gets forgiven. What a nice subsidy for people who want to go into “public service.” The federal pied piper will be luring more young people into the ranks of the Takings Coalition. Great. Put this down as Reason #1,358 why the federal government should never have gotten into the lending business.