Democratic presidential candidate Bernie Sanders asked in a tweet on Saturday, “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?”
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
It didn’t take Bill Kristol very long to weigh in: “Most economically illiterate tweet ever?”
— Bill Kristol (@BillKristol) December 26, 2015
We’ll let others, who were no less merciless, explain it:
— Casey (@space_case12) 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
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
@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
A bank can repossess a house. They can't repossess your brain if you quit paying student loans. Though, you make me wonder.
— Smittie™ GED (Hons), BS (D-) (@smittie61984) December 26, 2015
HT The Blaze