Bernie Sanders is formally proposing that all student debt be excused. That would wipe away about 1.5 trillion dollars of debt. He also wants to make public colleges free moving forward.
Well "Hooray and Hallelujah!" All those people who paid for their educations with their own funds are just out of luck; only the borrowers get their debts excused. Those who borrowed in the past and then paid back most or all of the debt also get little or no relief, while those who defaulted will get their loans excused. Nothing like rewarding sloth and profligacy. And what's going to happen to all those private universities that will now be so much more expensive in relative terms. Oh, it won't affect high profile places like the Ivy League school; their reputations will keep them going as havens for the wealthy. Second and third class private schools, though, will surely suffer. Who is going to want to go to a place like NYU and pay enormous amounts when SUNY or UCONN will be free?
And then there's the question of why just universities? Education is something that people need, so Bernie wants it to be free. But people need housing too. Why isn't he calling for all mortgage debt to be excused. It's a bigger sum; the mortgage debt in the country is about 15 trillion dollars. Still, if we can handle 1.5 trillion for school loans, we can surely handle the higher amount for mortgage debt.
And let's not forget those pesky credit card bills. They too should be forgiven. Indeed, why should anyone ever pay anything back. Let's forgive it all.
Bernie Sanders doesn't have a clue about how our economy actually works. He lives in a fantasy world with an ever present dream machine to churns out new and bigger delusions for him to discuss.
It would be nice if no one in the USA had to work for a living. It would be nice if everything were free. But that is not how the world works; indeed, the world simply cannot work that way. Most Americans realize this; why can't Bernie Sanders get this? It would be easy to just say he is getting senile, but Bernie has been pushing these delusions for the last 50 years. Basically, he's just nuts.
Well "Hooray and Hallelujah!" All those people who paid for their educations with their own funds are just out of luck; only the borrowers get their debts excused. Those who borrowed in the past and then paid back most or all of the debt also get little or no relief, while those who defaulted will get their loans excused. Nothing like rewarding sloth and profligacy. And what's going to happen to all those private universities that will now be so much more expensive in relative terms. Oh, it won't affect high profile places like the Ivy League school; their reputations will keep them going as havens for the wealthy. Second and third class private schools, though, will surely suffer. Who is going to want to go to a place like NYU and pay enormous amounts when SUNY or UCONN will be free?
And then there's the question of why just universities? Education is something that people need, so Bernie wants it to be free. But people need housing too. Why isn't he calling for all mortgage debt to be excused. It's a bigger sum; the mortgage debt in the country is about 15 trillion dollars. Still, if we can handle 1.5 trillion for school loans, we can surely handle the higher amount for mortgage debt.
And let's not forget those pesky credit card bills. They too should be forgiven. Indeed, why should anyone ever pay anything back. Let's forgive it all.
Bernie Sanders doesn't have a clue about how our economy actually works. He lives in a fantasy world with an ever present dream machine to churns out new and bigger delusions for him to discuss.
It would be nice if no one in the USA had to work for a living. It would be nice if everything were free. But that is not how the world works; indeed, the world simply cannot work that way. Most Americans realize this; why can't Bernie Sanders get this? It would be easy to just say he is getting senile, but Bernie has been pushing these delusions for the last 50 years. Basically, he's just nuts.
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