One more example showing us just how well Republican economic ideas work in the real world.
How big are the cuts to college funding?LSU drafting 'academic bankruptcy' plan in response to state budget crisis
LSU and many other public colleges in Louisiana might be forced to file for financial exigency, essentially academic bankruptcy, if state higher education funding doesn't soon take a turn for the better.
Louisiana's flagship university began putting together the paperwork for declaring financial exigency this week when the Legislature appeared to make little progress on finding a state budget solution, according to F. King Alexander, president and chancellor of LSU.
"We don't say that to scare people," he said. "Basically, it is how we are going to survive."
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.The change would bring state funding for LSU from around $3,500 per undergraduate student to $660 per undergraduate student next year.
GOP governors want higher education cuts to recoup budget shortfalls
Facing budget shortfalls, a handful of prominent Republicans governors want to cut funding for higher education to help make up the gap, while insisting that tax hikes are a non-starter.
Wisconsin Gov. Scott Walker wants a $300 million funding cut for higher education, and Gov. Bobby Jindal has proposed the same level of cuts in Louisiana. Arizona Gov. Doug Ducey wants at least a $75 million cut to higher ed, and Kansas Gov. Sam Brownback is aiming to cut $45 million from K-12 schools and higher education combined.