The Hill News

With bipartisan debt commissions unfurling proposals, newly-elected Tea Partiers headed for the Capitol, and Congress moving to keep Bush-era tax breaks, it’s clear that Washington needs to find cuts in the federal budget. With dollars more scarce, our country must rededicate itself to spending as wisely as possible.  

One area that politicians frequently pledge to attack is the unholy trinity of “waste, fraud, and abuse.” Identifying such wasteful spending is easier said than done â€" but not always.

The Obama administration proposed to act on two higher education programs where it was crystal clear that government money was not being spent prudently. Two industries, student loan companies and for-profit colleges, had become wealthy through federal largesse â€" and, to a large degree, at the expense of student and taxpayer interests.

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