The wife of Vermont Senator Bernie Sanders is making headlines today after the devastating news her former employer received, and the Internet erupted after learning that the blame for it lies directly on her shoulders.
Some are seeing what happened to Burlington College as a warning sign of what’s to come should the geriatric socialist get elected this November, and they have every reason to be worried. Jane Sanders, Bernie’s wife, was the former president at the school, and she just couldn’t stop spending other people’s money throughout the entire time she worked there.
As a result, the school announced that it’s going to be closing its doors for good on May 27 because it can’t afford to pay back the massive debt, but she was sure to make out like a bandit before she left just under a year ago.
Burlington College goes broke, will close May 27, thanks to loans taken by previous president Mrs. Bernie Sanders https://t.co/kU2kS8enwf
— David Burge (@iowahawkblog) May 16, 2016
Here’s more on the story from Heat Street:
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.
Yikes. She runs the school into the ground with millions of dollars in debt then bails before it gets too bad and takes $200,000 with her? That’s rather ironic considering her husband absolutely hates when Wall Street CEOs get so-called “golden parachutes” when they leave their positions, wouldn’t you say?
News of the college’s closing spread quickly on Twitter, where people were quick to criticize the Sanders and their socialist views.
@iowahawkblog If they would have only made everything free, this wouldn't have happened.
— Aaron Henager (@AaronHenager1) May 16, 2016
— M. M. Stebbins (@Stebbinwolf) May 16, 2016
@jpodhoretz She ran out of people's money…….
— shirley jean Ex-GOP (@shirleyjean1776) May 16, 2016
— Mysterion (@PornPops69) May 16, 2016
— Amber Skoros (@NYCdeb8tr) May 16, 2016
.@iowahawkblog candidate critical of golden parachutes for bankers ruining company has wife who gets golden parachute for ruining college
— Timothy Bertolet (@tim_bertolet) May 16, 2016
You get the idea. There was some good replies in there, and people are right.
The Sanders are really no different than any other power hungry socialists, and their actions show it; those at the top reap all the rewards while the peasants all live in squalor and grovel for more handouts. It’s not hard to understand, and all anyone has to do is look to the nations that have implemented it to see just how destructive to a society it is.