Bernie Won’t Like What Media Just Learned His Wife Is Guilty Of
http://if.inboxfirst.com/ga/click/2-321247990-2809-190014-402807-2830178-d2c8bfce79-3b1baa630c Bernie Sanders and his supporters have believed this far-fetched idea that if you give everything away for free there will no negative economical consequences to your actions.
They seem to think when you add debt on top of debt on top of debt it will somehow resolve itself in a happily ever after scenario years down the road.
Of course now that Bernie’s wife is being exposed for bankrupting a college while operating on the same idealistic framework it might throw a wrench in things.
Steven Crowder writes:
Mathematics. Sometimes it can be a b***h. Particularly for socialists. Okay, I’ve laid the groundwork, now let me explain. Burlington College in Vermont announced today that it is closing down due to the insurmountable debt that was incurred by their former President.
Did we mention that their former President is Jane Sanders?
Yes, THAT Jane Sanders. As in Mrs. Bernie Sanders…
At the end of 2010, Ms. Sanders took out $10 million in loans on behalf of Burlington College to purchase a 32-acre swathe of land from the Roman Catholic diocese, which put the land up for sale to help cover the costs of a $17 million sexual-abuse settlement.
As Heat Street reported last month, the college almost immediately fell short on its financial obligations as fundraising pledges and commitments Ms. Sanders cited in the loan agreements never materialized.
Less than a year after leading Burlington College into massive debt, Ms. Sanders resigned, taking with her a $200,000 severance package. By 2014, because of its shaky finances and running deficits, Burlington College found itself placed on probation for two years by the regional accreditation agency.
A Burlington College news release issued this morning called these financial hurdles “insurmountable at this time.”
“We anticipate notice from [the regional accreditation agency] that we have not met the Commission’s financial standard,” the news release said, “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.”
There was a scandal brewing for a while, but the news was finally made official today.....