Well, it’s official: Bernie Sanders did not get an Econ 101 textbook for Christmas (again):
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
Bill Kristol thinks history might have been made:
Most economically illiterate tweet ever? https://t.co/J41XM66i9A
— Bill Kristol (@BillKristol) December 26, 2015
Could be!
Sanders was offered a finance education, and these lessons actually are free:
Well you see, @SenSanders, a home has actual value, whereas a $100,000 degree in "women's studies" is WORTHLESS. https://t.co/CoRqivjOTU
— Bill Sanderson (@BanCollectivism) December 26, 2015
Reality calling.
@SenSanders if you fail to pay off your mortgage the bank gets your property,a student loan?the gov gets nothing.
— anton newcombe (@antonnewcombe) December 26, 2015
Um, I'm no economics guru, but one is a secured debt; the other is not. Therein lies the "sense." https://t.co/j552apfOEI
— Matt (@Voldematt) December 26, 2015
How about rates based on risk of payment?
Gender studies majors 19%
Business majors 3% @SenSanders— Liars Never Win (@liars_never_win) December 26, 2015
https://twitter.com/KSConservative1/status/680809346406690816
@SenSanders it makes perfect sense. A 'home' is collateral which the bank can take possession of in case of default. m/t @KurtSchlichter
— All-American Male (@chrisbraly) December 26, 2015
It's so weird that someone whose platform is all about economics doesn't understand secured debt and collateral. https://t.co/OTQzGVgLQ7
— Michael Freeman (@michaelpfreeman) December 26, 2015
There's this thing called collateral. Until banks can seize human brains in the event of a default… https://t.co/jmbGv7kd0O
— Comfortably Smug (@ComfortablySmug) December 26, 2015
I know, right, b/c student loans and mortgages are totally underwritten and secured the same way YOU FUCKING IDIOT. https://t.co/igR1HQ4hJu
— Kurt Schlichter (@KurtSchlichter) December 26, 2015
@SenSanders It's called "the market", Bernie. Something about with which you haven't a fucking clue.
— TANSTAAFL (@TANSTAAFL23) December 26, 2015
@SenSanders Students didn't have to borrow knowing rates. You probably think we should just print some money & pass it around too.
— Colorado REDTraci (@goptraci) December 26, 2015
@SenSanders
A bank can repossess a house. They can't repossess your brain if you quit paying student loans. Though, you make me wonder.— Smittie (@smittie61984) December 26, 2015
To summarize the reaction:
.@SenSanders pic.twitter.com/MQGT7wyUU8
— Matthew (@Matthops82) December 26, 2015
And then some.
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