In between jello pudding cups, DNC Presidential candidate and NH Senatorial stooge Bernie Sanders unveiled his latest free thing to entice idiots for votes. No link as I've clicked it once and you don't need to. Here are the highlights to discuss:
1) Sanders' plan will have no eligibility criteria and will be available to the nation's approximately 45 million student loan borrowers of both federal student loan and private student loans.
Who pays?
Sanders will fund his student loan forgiveness plan through a new tax on financial transactions, which he expects could raise more than $2 trillion over the next 10 years. The tax plan will include a 0.5% fee on all stock trades, a 0.1% fee on all bond trades and a 0.005% fee on all derivatives trades.
b) Four-year public colleges and community colleges should be free - including tuition and fees - for everyone.
Federal student loan interest rates should be lower, and the federal government should not make a profit on student loans.
Student loan refinancing should be revamped to help save money for more borrowers.
- No details on how that gets paid for as of this post.
Please send the asteroid of oblivion STAT!
10 Replies
2620 Views