The student loan program
This seems to be another example of how Republicans screech with outrage when the government spends money to help people, but cheer with glee when the government spends ten times as much money to help a large corporation. Blank checks for war, miserly penny-pinching for health care and education. Not a good way to maintain an economically competitive nation in the 21st century, in my opinion. And Democrats need to fight on this issue more. If we aren't vigilant, they will just feed at the trough, too.
Note: there are some well-written rebuttals to many of Kinsley's claims in the comment section associated with this article. However, I don't know enough about the factual claims made to know who is right.