It’s incredible to think that a man who knows so little about economics could potentially be the leader of the free world.
Bernie Sanders continued his assault on basic economics on Saturday with a tweet questioning how home refinance rates could be so much lower than the rates of student loans.
You have families out there paying 6, 8, 10 percent on student debt but you can refinance your homes at 3 percent. What sense is that?
— Bernie Sanders (@SenSanders) December 26, 2015
Apparently Sanders doesn’t understand that a tangible product has actual value therefore it can be taken back by the lender and re-sold.
And, as one social media user commented “a home has actual value, whereas a $100,000 degree in ‘women’s studies’ is WORTHLESS.”
— Bill Sanderson (@BanCollectivism) December 26, 2015
The rest of social media wasn’t much kinder.
@SenSanders if you fail to pay off your mortgage the bank gets your property,a student loan?the gov gets nothing.
— antonnewcombe (@antonnewcombe) December 26, 2015
@SenSanders B/c the default rate on mortgages is a fraction of the rate on student loans, which anyone who isn’t a pot-addled idiot knows.
— Dan (@Maverick_SS_49) December 26, 2015
@SenSanders Probably something to do with the house being an asset.
— Morality Is Freedom (@MoralsToFreedom) December 26, 2015
.@SenSanders Try foreclosing on a diploma.
— Mike aka Proof (@ProofBlog) December 26, 2015
— All-American Male (@chrisbraly) December 26, 2015
@SenSanders COLLATERAL… are you stupid bernie? really asinine comment.
— docwhocuts (@docwhocuts) December 26, 2015
DONATE TO BIZPAC REVIEW
Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!
- Britney Spears shows off her rockin’ new bod, but had to spoil it with a liberal message about ‘Dreamers’ - December 24, 2017
- Border patrol forget they’re supposed to be heartless, deliver beautiful baby at the border - December 24, 2017
- After scoring tax cut victory, Trump sees ‘tremendous Democrat support’ for his next big initiative - December 24, 2017
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.