Not really a math guy either.
If you don’t believe me then just check his Twitter account.
Yeah, that’s right. Bernie is making a direct comparison between college education and house refinancing and completely not understanding the idea of collateral.
But then again, what do we expect from a guy that wants to tax all wealth over $1 million at 100%. Why? Because no one “deserves” that much money.
As you can imagine, plenty of people on Twitter took the time to educate the poor, looney old guy:
Most economically illiterate tweet ever!!!
Hello, my name is #Bernie and although I have no clue how collateral works, I am running for president. Weeeee!
Facepalm: This CRAZY B.S. tweet redefines economic illiteracy
@SenSanders You see, if you fail to pay off your mortgage the bank gets your property, a student loan the gov gets nothing. Get a clue old man.
Um, I’m no economics guru, but one is a secured debt; the other is not. Therein lies the “sense.” https://twitter.com/SenSanders/status/680789930482778113 …
In the democratic party, whoever promises more gimme dat’s wins!
Googling the repossession figures on student educational loans and weird numbers are popping up. ZERO. https://twitter.com/SenSanders/status/680789930482778113 …
Well you see, @SenSanders, a home has actual value, whereas a $100,000 degree in “women’s studies” is, umm, WORTHLESS.
It’s so weird that someone whose platform is all about economics doesn’t understand secured debt and collateral. https://twitter.com/SenSanders/status/680789930482778113 …