If the school isn't able to run, there are no school athletics. LSU football making tens of millions that mostly goes to athletics doesn't offset a 900 million dollar budget shortfall. This didn't happen overnight, this is a budget crisis that developed over the last decade. State universities have dramatically less funding from the actual states than they used to.
It's the students who worked hard for the past few years to get their degrees that I feel the worst for... Not that athletes can't also be stellar students but the rank and file folks that could quite possibly have a null and void degree are screwed... I feel pretty confident that this is a power play on the Governors part to get taxes raised, which will be a death knell to his reelection...
it's his hyperbole to rile the masses up to vote for his tax grab. All of them try a similar tactic. Sally Struthers with her bloated starving kid, if you will.
It's a bluff to maximize pain instead of fixing the issue. While some tax hikes may very well be warranted you don't get a $1bn and subsequent $2bn shortfall overnight.
There aren't enough tax hikes to cover that kind of spread. If we don't come to some conclusion that curbs on spending are the only way to long term solvency, we'll bankrupt every public organization on earth. We've constantly proven that we overextend any level of govt receipts we can generate. Politicians are now built to do this. It's not a tax % issue.
True, but shutting down football will not save the university any money. It will only cost it money because of enrollment drops. It is a demagogue attack to strike up fear. Just like when local governentns run short on money the first thing they talk about stripping is stuff from k-12 education. They are not stupid.
Agreed. Capping the money supply given population and potential spend growth sound ludicrous. It would have to move toward some multiple of the gold on hand, which is essentially what the Fed is anyway.