PRESIDENT PROPOSES TO GUT PERKINS EDUCATIONAL LOANS

This week President Bush proposed to drain the Perkins educational loan program of most of its funding, and no one seems to care. Granted, he plans to use the funds for a "new program," but we'll see what happens with that proposal. Given that he's willing to tank the fiscal outlook in order to give tax breaks to the wealthy, I don't see why he can't just propose adding more job training rather than just shifting funds around and killing existing programs. I suppose it's clear where the administration's priorities are. More later.