The day after Christmas Senator Bernie Sanders (I-VT or D-VT) tweeted what was likely the most economically illiterate tweet of the presidential campaign. In it, Sanders wondered at the idea that some folks were paying 6, 8 or even 10% on their student loan debt but those same people could refinance their homes at 3%. The presidential candidate was astounded.
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
Which astounded more economically astute Twitter users who were quick to mock the man who wants to lead the world’s largest economic engine.
@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
— Bill Sanderson (@BanCollectivism) December 26, 2015
— Matthew (@Matthops82) December 26, 2015
— Ben Smith™ (@bmcsmith92) December 26, 2015
— High Altitudes (@highaltitudes) December 26, 2015
How can Sanders not understand how this economic reality could take shape? Is he really so foolish as to not understand how debt and collateral work?
I don’t think he is. I think messages like this are simply how liberals operate today. They know they cannot win on the strength of their arguments, so they ply low-information voters with as much illogical palaver as they can in the hopes that it wins them a few extra votes. Sadly, it usually works.
Sanders is no fool. He purposely misleads in his efforts to win more power, control and money for his precious god of government. All of those who “feel the Bern” are simply lemmings being led of a cliff of fiscal insolvency… and they’re dragging the rest of us with them.