Speaking of Dick Cheney (see above), if he had done half the favors for Halliburton that President Obama has done for his former colleagues in academia, the former veep would have been impeached. On Wednesday the New America Foundation will release a study showing how two policies on student loans will combine to force taxpayers to subsidize universities as never before.

The President did not invent the idea of allowing borrowers to pay reduced monthly bills based on income. Nor did he create the concept of forgiving debts...