Brookings Slams Warren Student Loan Plan - "Cheap Political Gimmick"

``Sen. Warren's proposal should be quickly dismissed as a cheap political gimmick. It proposes only a one-year change to the rate on one kind of federal student loan, confuses market interest rates on long-term loans (such as the 10-year Treasury rate) with the Federal Reserve's Discount Window (used to make short-term loans to banks), and does not reflect the administrative costs and default risk that increase the costs of the federal student loan program.'' -- As we said here. But the Warren proposal was probably never meant to be taken seriously; it was meant to illustrate the disparities between who is being "bailed out".