Posted on 06/06/2016 9:20:41 AM PDT by servo1969
Hi everybody. I'm Bill Whittle and this is the Firewall.
Bernie Sanders has bewitched a new generation of voting students by promising them free health care and free college.
So I'd like to address this brief video to you young people who are Bernie supporters and are in it for the free college. Can we just think this through for a minute? Please?
Let's say Bernie Sanders gets elected, the Democrats run the table and now we have a socialist President and Congress and sure enough Bernie Sanders passes a bill that says that every American now gets free college.
What does that mean?
Does it mean that the professors and coaches and administrators are going to come to work and not charge anybody? Is that what it means? Does it mean universities don't have to pay telephone and internet and water charges and all the rest? Is that what it means? Does it mean that when the air conditioner comes on in a lecture hall, the school isn't going to be billed for it? Is that what Free College means?
Because if it doesn't mean that, then Free College is a non sequitur: a conclusion or statement that does not logically follow from the previous argument or statement; non sequitur literally means "it doesn't follow."
So "free college" doesn't mean what it says it means because college -- like health care and houses and Xboxes and Ferraris - costs actual money. So it has to be paid for by somebody. You like it because it's not going to be paid for by you.
Yet.
But if you get your free college and the result of that is that Bernie adds another $17 trillion to the already outstanding $20 trillion dollar debt - almost doubling it from Obama, who almost doubled it from the previous 43 Presidents going back 239 years to the signing of the Constitution - if Bernie doubles the debt to 37 thousand billion dollars - then who do you think will be paying high taxes for the rest of their lives to pay off that debt?
YOU ARE, you chumps! You will be paying about half of what you make, or more, for the rest of your entire lives in order to pay off that free college.
And the cost of that free college will skyrocket. Why? Because when setting tuition costs, universities know that there is no price that the Federal government cannot pay.
You look at the cost of tuition relative to inflation and cost of living adjustments, and you will see that tuition has skyrocketed. Why? Because we subsidize it, with government guaranteed student loans, that's why, and whatever you subsidize you get more of.
And finally, it means that you are going to spend the rest of your working lives paying for all the free stuff an economy that is barely growing now but which will certainly contract when Bernie's 97% tax rate kicks in. Good luck finding a job in a market where employers are trying to figure out how few people they have to fire that year just to make ends meet.
Now, you may think that we don't have to pay off that debt; that we as a nation can just default and make twenty or thirty thousand billion dollars just go away without any consequences.
The last time people completely lost confidence in the economy was called the Great Depression. People were eating out of garbage cans, and a lot of other people got by growing their own food because they lived on farms. Do you live on a farm? Do you want to?
If this debt is not paid off, or grown out of, then your problem will not be finding a job with great pay, full benefits, free Uber and two hours of social media time per day. Your problem will be finding enough rats to eat with a stick roasting over a burning tire in the street.
Now you probably think I'm just making all this gloom and doom up for comic effect. Well, Bernie Sanders has a wife named Jane Sanders, and Jane Sanders put Bernienomics to work when she took charge of Burlington College, where she ran up some debt, Bernie style. In the middle of May of 2016, Burlington College released a statement which read, in part, quote:
"Due to the crushing weight of debt, " quote, "which is insurmountable at this time," unquote, Burlington College, quote "[will] have not met the Commission's financial standard, and, therefore, our accreditation will be lifted as of January 2017, and the College will not be able to award academic credit after this time."
IN 2010 Bernie's wife, Jane Sanders took out a ten million dollar loan in Burlington's name. They can't pay it back. And now they will close. She left with a $200,000 bonus. And those victims of Bernie math will have to go find another college.
And if you vote for this, the same thing will happen on a national scale, and we won't be able to pay it back either, everything will close and then all of us are going to have to go and find another country. Just like people have every single other time people tried to force other people to work so they can get cool stuff for free.
If Hillary is running behind in September she’ll be out there making the same promise. Take it to the bank.
"Free College" as devised by government elites would be an extension of the wonderful K-12 failed system we have now.
But instead of K-12 with brain dead union teachers we'd have K-16... same 'high school' crap. ONLY difference would be that 'students' would be required by law to attend... because it would be THAT awful...
It truly amazes me how economically stupid college kids are today. Most of them honestly believe in a free lunch. I used to think those dumb college students Jay Leno questioned on campus was a setup. Now...I’m not so sure...
lONG AGO I KNEW A BILL WHITTLE IN HIGH SCHOOL ...”PURCELL”,
Oklahoma OR PERHAPS “LINDSAY”, ABOUT 1950 NOT SURE
GRAND SON? GREAT GRAND SON?
Yup.
If everything in life was free, we might enjoy it for awhile but we wouldn’t be truly happy.
Its the things that we buy that cost us something tangible, give us the greatest satisfaction.
I don’t know why but human nature is wired to get something that we have attained through our own effort not from the kindness of others.
There is a place for kindness in this world; we wouldn’t have light without it but a world without our being able to put something into it, literally kills us on the inside.
Keep that mind when you hear people offer you something for nothing. The lack of a price paradoxically enough, tends to make it less worthwhile to you than you think.
Its a lesson every generation needs to learn anew. Nothing in life is truly free.
There is a place for kindness in this world; we wouldn’t have light without it but a world without our being able to put something into it, literally kills us on the inside.
That's exactly the argument Gingrich put forth in the 90's to attain welfare reform. It worked as Clinton caved and passed it, but all those reforms have been undone by Obama and blue states, so we're back to generational welfare and lost generations.
Oh come on now...the liberal use of ‘free’ means its at no cost to them but someone (anyone but them) will need to pickup the tab. Everyone knows this but few will actually say it. When liberals say free it never means money wont be spent. It simply means one class will pay nothing while another gets the full bill. LOL, those silly kids who march for free this and that will one day find no seat on the free train and will instead become part of the payers. Then theyll pitch a fit but no one will listen....
And because whatever diploma issued by such an institution would be largely worthless, enterprising folks might get together and offer special classes where those completing K-16 could go to become educated and obtain skills required for meaningful employment. Of course, not everyone would be qualified to take such courses...and those enterprising folks would likely charge special fees for taking those courses...and if you really needed to take such courses but didn't have the money, enterprising financial institutions might offer a loan to you...and
Dowling College on Long Island closed a couple of weeks ago due to crushing debt.
Maybe more need to go that way.
The real problem is that it is highly unlikely that they well become part of the payers.
Why? Several reasons.
1. Many will not graduate. Going to college does not mean graduating from college.
2. Many of those who graduate will have crap degrees. The market for gender studies and ethnic studies is extremely tiny. Who knew?
3. Many of those with degrees will not find jobs because the economy will be collapsing thanks to socialist policies.
4. Last, but not least, a generation that has been indoctrinated to expect a constant stream of free handouts is not going to expect to have to work for anything after graduation. Instead of looking for a job and becoming productive, they are going to look for their next handout: housing, cars, food, etc.
“If Hillary is running behind in September she’ll be out there making the same promise. Take it to the bank.”
Take any Leftist’s cash to a store ASAP before it becomes totally worthless.
If everybody gets free college, then nobody gets free college.
It will cease to have value (in most cases), and its cost built into every future monetary transaction.
Therefore it won’t be free, and its value will collapse under the burden.
Otherwise its a great way to get votes. From the clueless.
“The cost of this $75 billion a year plan is fully paid for by imposing a tax of a fraction of a percent on Wall Street speculators.”
Really?
I’m sure some college graduates will figure out how to speculate in Singapore or London and avoid the Bernie tax.
Bernie isn’t promising “free” to most of his gullible supporters:
“The Sanders plan would require public colleges and universities to meet 100% of the financial needs of the lowest-income students.”
Only students who have studied “hard”, attend a “public” college and come from the “lowest-income” households will get a “free” education (and “needs” like campus housing+transportation) from Bernie.
All others will be at a financial disadvantage after graduating.
Those who got a “free” education will be able to work for less than:
a. any private college graduate or
b. any graduate from a middle class or affluent household.
“Under the Sanders plan, the formula for setting student loan interest rates would go back to where it was in 2006. If this plan were in effect today, interest rates on undergraduate loans would drop from 4.29% to just 2.37%.”
“Over the next decade, it has been estimated that the federal government will make a profit of over $110 billion on student loan programs. This is morally wrong and it is bad economics.”
Those profits partially pay for Obamacare, Bernie.
Just pray your young ones get a better education than Bernie got (and don’t get sick either).
That Tobin Tax on Wall Street transactions IS going to happen IMHO.
It will poll north of 80% in public approval polls. Particularly if they agree to use a chunk of it to increase Social Security benefits.
I bet there won’t be 20 Republicans in the Senate with the guts to vote against it.
I know of two people who used it to get a diploma, and one was "non-traditional", she used it to get her Masters as an older student.
I can think of a couple dozen others - all while I was in college - who used it to party hard for a year, for free. They just drank themselves out of the school. My tax dollars at work; thoroughly flushed.
Moral of the story? If you've nothing at risk, you've little incentive to work.
2. Many of those who graduate will have crap degrees. The market for gender studies and ethnic studies is extremely tiny. Who knew?
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Watching the Cardinals play a couple days ago and Steven Piscotti came to the plate. The broadcaster, making small talk, as they always do, mentioned that Piscotti had graduated from Stanford with a degree in climate change, the announcer seemed really impressed with that.
I just thought,, it’s a good thing for him that he knows how to play baseball.
Free College is ALREADY AVAILABLE, it is just the GRADES that cost! You can watch, read and learn from MIT and many other institutions that have their courses on the internet. They include study material and lectures so you are essentially auditing the courses for no cost nor credits.
Am I missing something? /sarc
LOL - yes, reinventing a sane university system...
How much was the tuition at the college that nut-case Bernie Sanders’ wife ran into the ground?
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