How John Adams Predicted Bernie Sanders and His Acolytes

By William Sullivan

 

There is something incredibly curious about the Bernie Sanders’s faithful.  On the one hand, we’re told that they’re incredibly well-educated.  Indeed, academia and its young charges support him more than other candidates, some say.

One might be inclined to think that this implies some sort of intellectual ballast to Sanders’ fiscal approach.  Surely, such learned scholars wouldn’t just flock to the guy without having done extensive research, and after having earned a broad foundation of knowledge about economics through hours, days, or perhaps years of diligent study.

Then, you see the Sanders campaign tweet something like this:

@SenSanders: 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?

This tweet has not been removed, despite its having been thrashed as perhaps “the most economically illiterate tweet ever.”  But naturally, this is the kind of stuff that makes the rest of America that isn’t “feeling the Bern” scratch their heads.  Your everyday taxpayer, who may not have gone to college because of the 6, 8, or 10 percent interest rates on the debt he would have incurred by doing so, wonders how Sanders supporters, supposedly so intelligent, can be so incredibly ignorant to the concept of collateralized debt.   One Twitter user, @Smittie61984, clarifies the concept in less than 140 characters, complete with the requisite snark that silly tweets like Sanders’ deserve:

@SenSanders A bank can repossess a house.  They can’t repossess your brain if you quit paying your student loans.  Though, you make me wonder.

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Articles: How John Adams Predicted Bernie Sanders and His Acolytes