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Senator Sanders’s giveaway to college borrowers will cost about $1.6 trillion. That’s enough to send a check for $125,000 to every American household in the poorest 10 percent or to buy about 15 million houses and give them away to poor people. Invested at a 3 percent return, that money could generate almost $90,000 a year to look after every homeless person in the United States — forever.

-Kevin D. Williamson