The first thing I thought when I read this article was that this nutjob must’ve finally gone insane. Then I realized that he’s just a typical socialist and that he’s been making proposals this stupid for decades.

Crazy Bernie is the first Democrat to propose wiping out all student loan debt immediately. This morning, Crazy Bernie will introduce legislation “that would eliminate all $1.6 trillion of American student debt.” That isn’t all. Crazy Bernie will be joined by another crazy socialist in sponsoring the legislation. People shouldn’t be surprised that the legislator that’s carrying the legislation in the House is Rep. Ilhan Omar, (DFL-MN).

Omar’s strong suit isn’t math. Rumor has it that Omar’s specialty is immigration fraud and appealing for leniency for would-be ISIS terrorists. But I digress.

Crazy Bernie plans on paying for this giveaway “with a tax on Wall Street, which his campaign says will generate more than $2 trillion over 10 years. The tax would focus on financial transactions, the report said, such as a 0.5 percent tax on stock transactions and a 0.1 percent tax on bonds.” The only question I have is whether Crazy Bernie plans on using those new taxes on other socialist giveaways, too.

According to the article, “The proposal package also includes making public universities, community colleges and trade schools tuition-free.” In other words, Crazy Bernie’s initiative wouldn’t require universities, community colleges and trade schools to get their acts together. The Democrats’ plan wouldn’t require universities to stop hiring excessive numbers of administrators while shorting students of professors in classrooms.

What’s worse is that the Democrats’ plan wouldn’t require universities to drop junk degrees that don’t give students the likelihood of getting a high-paying job when they graduate. Simply put, this is the Democrats simply throwing money at a problem without fixing that problem. Most likely, the Democrats’ proposal will make things worse.

Glenn Reynolds has literally written the book on the higher education bubble. He talks about that in this interview:

As usual, the politicians are 5 years late and wrong besides. That means that Democrats are using this proposal to buy young people’s votes. This won’t fix the problem. It might make it worse. What’s worst is that this proposal incentivizes universities to keep doing what they’re doing wrong already.

The good news is that parents and students have figured out a better way of making higher education a better investment. Reformers like former Indiana Gov. Mitch Daniels are making that possible:

Waiting for Mitch Daniels to pick up a call to his office in West Lafayette, Indiana, you hear a recording of Purdue’s marching band followed by a hard-to-believe statement: “Purdue has frozen tuition at 2012 levels through 2019 for all undergraduate students.”

Daniels, the president of Indiana’s flagship public university, then gets on the phone and says something even more startling: In inflation-adjusted dollars, Purdue costs $4,000 less per year for out-of-state students than it did when he took the job in 2013. In-staters pay nearly $3,000 less, at just under $23,000 this academic year for tuition, room, board and expenses.

While politicians like Crazy Bernie propose programs that don’t fix things, reformers like Mitch Daniels are showing leadership in fixing the problems that politicians created, proving that irony can be pretty ironic.

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