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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

    Quote Originally Posted by Grant View Post
    Let's not forget the importance of architecture. America
    Cornell is a private university and a great one. It is not funded by tax money. They can do whatever they want with their money just like you and I can.

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

    Quote Originally Posted by Grant View Post
    Let's not forget the importance of architecture. America
    So the 1st pic in your link is some building at an ivy...

    Most of the newer building are privately financed. They will build anything a donor will pay for. Here it meant a $100 million business school that wasn't needed at all and looks like a space colony.

    A lot of huge buildings are a century old or more and likewise are no reflection on current budgets

    If there's one fair criticism of most public colleges it's the administration costs, but that still doesn't come close to a 75% state funding cut in one year

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

    Quote Originally Posted by fmw View Post
    I understand perfectly and that is a positive thing. Always better to leave money in the hands of citizens whenever possible.
    Well that is your opinion, but that nothing to do with how a business operates. So you might want to leave that analogy aside. If the government is a business, then the government needs revenue like any business would to provide the services it is chartered to provide.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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

    Quote Originally Posted by fmw View Post
    Cornell is a private university and a great one. It is not funded by tax money. They can do whatever they want with their money just like you and I can.
    You might want to do some research before saying private universities don't get funded by tax money

    https://www.research.cornell.edu/VPR...ells_research/

    FY2010 Total Federal Sources $461,169,000
    “And I have no doubt that every new example will succeed, as every past one has done, in shewing that religion & Govt will both exist in greater purity, the less they are mixed together.”
    ~ James Madison, letter to Edward Livingston, July 10, 1822

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

    Quote Originally Posted by fmw View Post
    Cornell is a private university and a great one. It is not funded by tax money. They can do whatever they want with their money just like you and I can.
    Of course there were other universities mentioned besides Cornell. I understand waterfalls, indoor and outdoor, are big on college campuses but it doesn't seem to have positively effected higher learning. Watch College Students Who Can

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

    Quote Originally Posted by Grant View Post
    Of course there were other universities mentioned besides Cornell. I understand waterfalls, indoor and outdoor, are big on college campuses but it doesn't seem to have positively effected higher learning. Watch College Students Who Can
    I agree.

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

    Quote Originally Posted by Somerville View Post
    You might want to do some research before saying private universities don't get funded by tax money

    https://www.research.cornell.edu/VPR...ells_research/

    FY2010 Total Federal Sources $461,169,000
    Those are grants not basic funding. Government has no business doing that, by the way.

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

    Quote Originally Posted by SouthernDemocrat View Post
    Well that is your opinion, but that nothing to do with how a business operates. So you might want to leave that analogy aside. If the government is a business, then the government needs revenue like any business would to provide the services it is chartered to provide.
    I've been managing, founding and owning businesses for half a century. Are you sure you want to tell me how businesses operate? I'm actually trying to be instructive but that was obviously a waste of time.

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

    It is so short sighted NOT to invest in a country's educational infrastructure. We will shoot ourselves in the foot!

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

    Quote Originally Posted by fmw View Post
    I've been managing, founding and owning businesses for half a century. Are you sure you want to tell me how businesses operate? I'm actually trying to be instructive but that was obviously a waste of time.
    Let me let you in on a little secret. Most people on here, myself included, have spent their adult lives working in the business in the world. We all know how businesses operate. Many of us deal with budgeting, projections, and so on. You seem to have this fantasy that a government can always just slash its taxes and everything will work out. If a state's taxes and spending levels were not that high in comparison to other states to begin with, then when it cuts its taxes by a lot, most likely it will not have the revenue sufficient to meet its public sector obligations. This is what happened in Louisiana, and it is what is happening where I live in Kansas.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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