Not only should Bernie Sanders step down as a presidential candidate, but he should also resign from the Senate. The problem is that it’s not just Sanders who doesn’t know anything about economics. Most Democrats and not a few Republicans don’t know much about economics, and if they do know the fundamentals of economics, they ignore them because they need to buy votes with stolen money.
t’s easy to be magnanimous with other people’s money.
So what did Bernie Sanders tweet that disqualifies him from holding any political office?
“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?”
I suspect that when millions of Americans read something like this, they’re saying, “Go, Bernie, Go!” The typical college student most likely could not figure out what’s so wrong about Bernie’s tweet concerning the disparity in interest rates between a home loan and a college loan.
A home loan is backed by the value of the home being purchased, therefore, the risk is somewhat lessened. If someone defaults on the loan, the lending institution can sell the house and hopefully get its money back. In addition, people who purchase homes generally have to put some money down before being able to secure a loan…