Bernie Sanders is running on several populist socialist issues, one of which is the idea of free higher education. Sanders posits that free higher education would boost the middle class and do a whole host of other fantastical things, but he never seems to talk about how he wants to pay for it.
That’s the big hole in his argument. Where is all the money going to come from?
Well, his wife who served as a college president in Vermont for 7 years might just have the answer… nowhere!
Sanders’ wife led a Vermont college for years and drove it into what’s now being described as “crushing debt.” Can you guess what’s happening to the college? It’s closing its doors after the checks from class of ’16 clear the bank.
The Blaze has more:
Burlington College in Vermont just graduated its class of 2016 over the weekend. But as of May 27, the school will end its programs for good.
Speaking at a campus press conference Monday, President Carol A. Moore and Dean of Operations and Advancement Coralee Holm tearfully expressed how “heartbroken” they were over the sad news, citing the “crushing weight of debt” as the reason for the closure.
Founded in 1972 as an informal alternative form of higher education, the small, regionally accredited liberal arts college expanded under the leadership of President Jane Sanders, wife of 2016 democratic presidential candidate, Vermont Sen. Bernie Sanders.
Sanders served as Burlington’s president from 2004 to 2011. During her tenure, she led the effort to move the college onto a new 32-acre campus on prime waterfront property, an ambitious decision that officials say ultimately spelled financial suicide.
“I believe the vision was enrollment would grow, which it did, but not at the level that would have allowed us to manage the financial debt we had incurred,” Holm said of the move, which took place in 2010. “So here we are.”
There was no mention of the school’s ill fate at Saturday’s commencement ceremony, though Holm said the college’s Board of Trustees convened Friday and came to the unanimous decision to close the school.
Surprise, surprise… there’s no such thing as a free lunch.
What would’ve happened if this had been done on a global scale? Would we have just closed down all the colleges because we couldn’t pay for all the free populist giveaways?
Give us your reaction in the comments.