Thank you Bobby Jindal! Will LSU Have to Declare 'Bankruptcy'?

[joeybee12]

For LSU, a good offense has always proved to be the best defense. But now the school that hosts the nationally ranked Tigers is facing a foe that makes the Crimson Tide seem weak: budget cuts.

Louisiana's public colleges are hoping for the best but preparing for the worst as they face a drop in state funding of up to 82 percent. As the state legislature fails to make headway covering a $608 million shortfall in higher education spending, its public colleges are bracing for the prospect of budget cuts so deep some institutions — including the state's biggest public flagship — might have to declare financial exigency. That's college funding-speak for something akin to bankruptcy.

The potential threat to Louisiana's public colleges is unprecedented, said Jordan Kurland, associate general secretary of the National American Association of University Professors.

"I don't know if anything that drastic has occurred anywhere in modern times or perhaps ever," he said. "It's hard to know what cuts of that magnitude will amount to."

http://www.nbcnews.com/business/economy/amid-funding-cuts-will-lsu-have-declare-bankruptcy-n347951

[DURHAM D]

1. I can't wait for some poster to be in here

to tell us how this is Clinton's (Bill or Hillary) or Obama's fault.

It is just that kind of day.

[Eleanors38]

2. Apparently, the U. of Wisconsin is under similar attack. Privateers eat their own muscle.