Yeah, I’ll be awaiting my refund check. It’s probably in the same mail truck as my obama phone.
It’s even worse than that. A lot of these big loans aren’t all federal student loans, but federal loans to parents or loans from banks or private lenders. Bernie wants everyone to give money to these parents, banks, and loan companies.
Gosh, there are so many problems with these plans I wouldn’t know where to begin. I would make the comment about Sander’s plan to tax speculators. Speculators are a vital part of the free market place in that they provide liquidity and they do it at high risk. You produce oil. You are working close to your margins and you need to limit the risk in order to stay in business. A speculator agrees that he will buy the product you are pumping in two months at x price. The price is lower than you would like, but you sign the contract anyway because it ensures that if the price drops even lower you will still make money. In two months, say, the price has dropped even lower than the agreed price. You still sell at the agreed price and the speculator takes a bath. He has no storage facility so he has to resell your oil at the new, lower price. But in the meantime, because of speculators, the entire oil industry continued to pump oil instead of limiting production. Does Bernie plan to compensate the speculator for keeping the oil market “liquid?”
So let me understand this. I paid for my kids college, two BS and one MS. Now the Democraps want to ax me to pay for someone else’s kid “gender studies” degree??? Hell NO!!!