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Posted on 05/16/2016 3:40:33 PM PDT by combat_boots
Burlington College Feels the Bern! Will Close Thanks to Crushing Debt Acquired by Mrs. Bernie Sanders
One of the reasons Bernie Sanders is doing well with Millennials is because he’s promising free college for everyone.
In an ultimate twist of irony, his wife Jane Sanders was president of Burlington College in Vermont and racked up such large debts for the small school that she led it to ruin. sanders wife
Burlington College announced today it will close after it was unable to recover from the crushing debt incurred under during Jane Sanders’ tenure as president of the institution. Heat Street reported:
“Burlington College announced today that it will close on May 27 after it found itself unable to recover from “the crushing weight of the debt” incurred under Jane O’Meara Sanders, the college’s former president and wife of Bernie Sanders.
(Excerpt) Read more at thegatewaypundit.com ...
Socialism always works great until you run out of other people’s money.
Any college that goes broke today with unlimited federal lending, should be laughed out of America.
Amazing!
Amateurs. I’d throw a few Trump chalk slogans on the sidewalk and screech for a huge anti-racism program funded by federal dollars. Hell, I might even get a cabinet position in the first Hillary administration out of the deal.
Now that this commie college will close, where will Commie kids learn how awesome Communism is..good thing MSNBC is still available
As much as I despise Bernie and his wife - one ugly woman is she, I can’t
believe they wouldn’t just stop making payments on the note and let the property go into foreclosure. Got to be more than just debt service.
They went to the alumni for help, but, given the school, 12 of the 14 checks that they got from alumni with actual incomes (that is, most of the alumni with incomes) bounced.
Madison
Ann Arbor
Brown
Harvard
UCLA
Berkley
Evergreen
Oberlin
Earlham
Yale
Madison
Evergreen
and the beat goes on...
The school’s motto is “start a fire”. Maybe if a few of the buildings had burned down, the insurance money might have helped...
Cool, I bet I could get a blank Sheepskin cheap!
I always wanted a doctorate in astrophysics.
If only the right person was in charge....
I wish I had the money to buy the campus. I’d gift it to Hillsdale College and have them open a new conservative outpost in Vermont!!
Free College is like free lunch and Free use of Free Republic for those not paying their fair share.
Someone else is paying for the Free College and Free use of FRee Republic.
“They went to the alumni for help, but, given the school, 12 of the 14 checks that they got from alumni with actual incomes (that is, most of the alumni with incomes) bounced.”
BOL! Liberals would starve to death if not for our tax $’s to pay their salaries for ruining non profits.
Interesting list.
Add any Ivy League school. Also, UC Davis and UC Santa Cruz!
pingaroonie
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One would think this is the Onion, but Socialism isnt that funny. Clinton won’t pounce on it, Trump will if need be.
... just what the pols are doing to the USA... and countless states, cities, counties etc.
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