Here's What Your Tax Dollars (Doesn't) Buy:

[unhappycamper]

South Carolina state universities face deep budget hole
By Eric Ferrari | Charlotte Observer
Posted on Friday, November 5, 2010

CHAPEL HILL — UNC system President Erskine Bowles painted a bleak picture Thursday of the UNC system if the more severe of two budget-cutting scenarios is necessary.

As many as 1,700 jobs could be lost, he said.

Bowles even suggested that if North Carolina's economic health doesn't improve, the UNC system may eventually have to close a campus - which he called a smarter strategic and fiscal move than simply chipping away at every university in the system.

"If we keep having cuts, cuts, cuts, we'll have to look at eliminating schools, campuses," Bowles told members of the UNC system's Board of Governors. "If it went on for several years, that would be the smart decision. The unfortunate, smart decision."

To be clear, the university's situation is nowhere near that dire yet. But the state is facing a $3.2billion budget hole, $1.3 billion in expiring taxes and the impending loss of $1.6 billion in federal stimulus money. With all that on their plate, state officials have directed the university system to plan cuts of 5 percent and 10 percent for next year



unhappycamper comment: How many more $5 billion dollar submarines do we need? Do we really need a $40 billion dollar aircraft carrier? How many $243 million dollar F-35s can we afford?

Keep in mind that the military consumes 58% of all discretionary funding in the 2011 national budget.

Interest on the national debt consumes 7% of all discretionary funding in the 2011 national budget.

Education consumes 4% of all discretionary funding in the 2011 national budget.

Do you see a link between those numbers, Sparky?

[JanMichael]

1. Sadly, the editor of this website in the OP doesn't know the difference

between North and South Carolina.

[unhappycamper]

2. I got a chuckle out of that myself. n/t

[Ichingcarpenter]

4. The North Carolina University and College System

Is what brings jobs into the state like Apple's New 1,000,000 sq ft Data system.
They, NC govt ,are shooting themselves in the foot.

South Carolina is not really known by its universities. or school system.
Yeah, I caught that too.

[JanMichael]

6. Gamecock fans all over will weep

at your last line ;)

[Ichingcarpenter]

3. Been taking a Yale on-line Course on The Greeks

Forgot to nominate your tread on edit.



The Greeks had a War Tax that taxed the rich for their expansive military adventures
when their treasuries started getting bear. The Rich, they figured, got the most
out the wars and had the most to gain or lose.

The Rich paid up and it didn't save them either after a 27 year war.

Meanwhile we have two major wars and tax cuts for the rich.
Go figure....

As always, unhappycamper, thanks and I agree

[Scuba]

5. Theres to many collige edukated anyway. They branewash the comon sense out of em.