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Thread: LSU drafting 'academic bankruptcy' plan in response to state budget crisis

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    Re: LSU drafting 'academic bankruptcy' plan in response to state budget crisis

    Its interesting how people who scream the cost of attending a state university is exorbitantly high but expect taxpayers to assume the burden for those increases as well.

    What would one expect from the intellectually bankrupt except tax and spend, or better yet, spend and then wonder where the funds will come from to pay for it.

    But why shouldn't state universities try it? The government has gotten away with it for years.

    Of course the liberal answer is to tax, tax, tax; your answer to everything.

    Here's a hint: try fiscal responsibility for a change.

    Here's another hint, think....how do private universities and colleges maintain a balanced budget, or more likely a budget that's in the black?

    Public education is a losing endeavor, including some state university systems.
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    Re: LSU drafting 'academic bankruptcy' plan in response to state budget crisis

    Quote Originally Posted by donsutherland1 View Post
    IMO, people don't realize the just kind of drastic funding cuts LSU is facing. Moody's lowered the school's credit outlook The Times-Picayune's blog related to that development revealed:

    The state's college and university systems are facing as much as an 82 percent reduction in state financing in the next budget cycle. Louisiana's public colleges and universities, including LSU, also lack the ability to hike their own tuition rates, first needing approval from two-thirds of state legislators.

    http://blog.nola.com/politics/print....ting_down.html

    That's not a modest cut. That's a catastrophic one. Even worse, under state law, LSU has no ability to raise its tuition, so its latitude to develop alternative revenue streams is also impaired.
    Maybe they should, oh, perhaps, not spend ridiculous sums on football?
    “In America we have a two-party system,” a Republican congressional staffer told a visiting group of Russian legislators. “There is the stupid party. And there is the evil party. I am proud to be a member of the stupid party. Periodically, the two parties get together and do something that is both stupid and evil. This is called: bipartisanship."

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    Re: LSU drafting 'academic bankruptcy' plan in response to state budget crisis

    Quote Originally Posted by Μολὼν λαβέ View Post
    Its interesting how people who scream the cost of attending a state university is exorbitantly high but expect taxpayers to assume the burden for those increases as well.

    What would one expect from the intellectually bankrupt except tax and spend, or better yet, spend and then wonder where the funds will come from to pay for it.

    But why shouldn't state universities try it? The government has gotten away with it for years.

    Of course the liberal answer is to tax, tax, tax; your answer to everything.

    Here's a hint: try fiscal responsibility for a change.

    Here's another hint, think....how do private universities and colleges maintain a balanced budget, or more likely a budget that's in the black?

    Public education is a losing endeavor, including some state university systems.
    They're not assuming any 'burden' lol, that's the point. These were publicly founded colleges that are being abandoned by the public. A 75% decrease in funding in a *single year* is going to have catastrophic consequences.

    I guess your idea of fiscal responsibility is $500 per student, what louisiana will be covering next year. That's so preposterous and ignorant to blame the colleges for this crisis. Funding has never been so low since before WW2 and adjusting for inflation, probably never in their history

    As for private colleges, most of them rely greatly on the federal loan system. They are also able to provide a flat tuition rate for ALL students. LSU is required to set tuition at a crazy low rate for in state kids, but not say, notre dame. The more elite private Us (ivy etc) get by on alumni donations and name recognition alone, something that's not in the cards for your typical commuter public school.

    Even then a lot of private schools are in fact facing similar budget deficits. They just don't have to cope with a 75% cut in a single year

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    Re: LSU drafting 'academic bankruptcy' plan in response to state budget crisis

    Quote Originally Posted by JANFU View Post
    For Universities - Football pays big time.
    Yet there would be no football without the U...

    As for the sending of funds back to the academics, that isn't really true. LSU uses a donation system for preferred seating, which means it snatches donations away from the academics. Even at a relatively elite public school, i know of academic departments that have seen donations dwindle the past decade and want the football program reigned in

    If LSU the college is in this position, football should be shutdown for a year or 2 until the ticket buyers get the message

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    Re: LSU drafting 'academic bankruptcy' plan in response to state budget crisis

    Let's see if I understand the problem:

    Government spends a crap ton on colleges, creating strong incentives for colleges to overspend on useless administrative and recreational expenditures. Government then subsidizes student loans, making the purchasers non-sensitive to price increases, creating additional incentives for colleges to overspend on useless administrative and recreational expenditures....

    ....and the proposed solution is more government?


    “In America we have a two-party system,” a Republican congressional staffer told a visiting group of Russian legislators. “There is the stupid party. And there is the evil party. I am proud to be a member of the stupid party. Periodically, the two parties get together and do something that is both stupid and evil. This is called: bipartisanship."

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    Re: LSU drafting 'academic bankruptcy' plan in response to state budget crisis

    Quote Originally Posted by cpwill View Post
    Let's see if I understand the problem:

    Government spends a crap ton on colleges, creating strong incentives for colleges to overspend on useless administrative and recreational expenditures. Government then subsidizes student loans, making the purchasers non-sensitive to price increases, creating additional incentives for colleges to overspend on useless administrative and recreational expenditures....

    ....and the proposed solution is more government?


    No and yes- Whatever it takes to get value for the Govt money and the student.
    But stats show govt funding has dropped over the years.
    Educations does pay.
    One issue on the biggest free trade deal upcoming is how little the US places towards, job training and infrastructure. 2 key components of an emerging and changing economy.
    Other countries, much smaller than the US devote more to this as a % of GDP.
    Quote Originally Posted by Erod View Post
    The damage to the black community from all this will be devastating.
    Not only on public perception and reputation, but cops simply won't want to police these neighborhoods anymore.
    The shooter was later found to be white.

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    Re: LSU drafting 'academic bankruptcy' plan in response to state budget crisis

    Quote Originally Posted by chromium View Post
    Yet there would be no football without the U...

    As for the sending of funds back to the academics, that isn't really true. LSU uses a donation system for preferred seating, which means it snatches donations away from the academics. Even at a relatively elite public school, i know of academic departments that have seen donations dwindle the past decade and want the football program reigned in

    If LSU the college is in this position, football should be shutdown for a year or 2 until the ticket buyers get the message
    Mr. C I am missing the point you are making ref donations and seating? & yes I can be quite stupid at times.
    Quote Originally Posted by Erod View Post
    The damage to the black community from all this will be devastating.
    Not only on public perception and reputation, but cops simply won't want to police these neighborhoods anymore.
    The shooter was later found to be white.

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    Re: LSU drafting 'academic bankruptcy' plan in response to state budget crisis

    Quote Originally Posted by JANFU View Post
    No and yes- Whatever it takes to get value for the Govt money and the student.
    But stats show govt funding has dropped over the years.
    Educations does pay.
    One issue on the biggest free trade deal upcoming is how little the US places towards, job training and infrastructure. 2 key components of an emerging and changing economy.
    Other countries, much smaller than the US devote more to this as a % of GDP.


    We are in the middle of a college bubble. If anything we need more people going into trade schools, and less federal money shoving the price of college ever-higher.
    “In America we have a two-party system,” a Republican congressional staffer told a visiting group of Russian legislators. “There is the stupid party. And there is the evil party. I am proud to be a member of the stupid party. Periodically, the two parties get together and do something that is both stupid and evil. This is called: bipartisanship."

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    Re: LSU drafting 'academic bankruptcy' plan in response to state budget crisis

    Quote Originally Posted by Somerville View Post
    One more example showing us just how well Republican economic ideas work in the real world.
    How big are the cuts to college funding?
    One might almost think the modern Republican Party doesn't much care for public education. An article from February points out the tax cuts being promoted as economic boosters don't seem to be working too well and public education is suffering as a consequence.
    Yes, higher education needs more of this. University of Chicago to spend $25,000 to teach students how to ‘hang out’

    and this. 20 Completely Ridiculous College Courses Being Offered At U.S. Universities | Zero Hedge

    They may have rapidly declining educational results when compared with other countries but their self esteem is unmatched.

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    Re: LSU drafting 'academic bankruptcy' plan in response to state budget crisis

    Quote Originally Posted by Μολὼν λαβέ View Post
    Its interesting how people who scream the cost of attending a state university is exorbitantly high but expect taxpayers to assume the burden for those increases as well. What would one expect from the intellectually bankrupt except tax and spend, or better yet, spend and then wonder where the funds will come from to pay for it. But why shouldn't state universities try it? The government has gotten away with it for years. Of course the liberal answer is to tax, tax, tax; your answer to everything. Here's a hint: try fiscal responsibility for a change. Here's another hint, think....how do private universities and colleges maintain a balanced budget, or more likely a budget that's in the black? Public education is a losing endeavor, including some state university systems.
    The left will want young people to be brainwashed by the liberal professors who form the majority in higher education, thereby assuring more prospective voters for their party. The same strategy has been applied to food stamps, open borders and Obamaphones.

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