NC unemployment worst since Great Depression, UNCG and government spending spree, Other people’s money, Obama supporters predictable
“Guilford (Large NC County) appears on it’s way to a third consecutive year with annual jobless rates in double digits. Economists say that likely hasn’t happened since the Great Depression.”…Greensboro News Record December 2, 2011
“…and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people’s money. It’s quite a characteristic of them.”…Margaret Thatcher
Spending other People’s Money.
From Citizen Wells November 16, 2011.
“UNCG proposes 10 percent hike in tuition, fees”
“Tuition would rise 10 percent for UNCG students next year according to a proposal the university’s tuition and fee committee presented Tuesday night to the Student Government Association.
In-state undergraduates would see a $660 increase in their bills next year — an extra $345 for tuition and $315 for fees, bringing total tuition and fees to $6,158.
The increase would generate $7.4 million, with half of it used to offset budget reductions. The rest of the money would be used for need-based financial aid and pay increases for faculty, who have gone without raises in recent years.”
From Citizen Wells December 3, 2011.
From Rush Limbaugh December 2, 2011.
“Regime Manipulates Numbers to Get Unemployment Headline Under 9%”
“Bloomberg News is even reporting this means that more people left the workforce than got jobs. Now, stop and think of this. More people left the workforce than got jobs, and the unemployment rate goes down? We’re dealing here with a serious form of corruption, manipulation of data; but, we all knew it was coming. After all, we’re talking about the regime. We knew this was coming. We know the fact, we know the histoire, that no president’s been reelected with an unemployment rate higher than 8%. So here we are 11 months away from the next election, voila! Heading into the Christmas, slash, holiday season, and we’re at 8.6%, the 0.6 doesn’t matter, we’re at 8%. And the media is having orgasms out there, O-gasms.”
The Greensboro News and Record on December 2, 2011 presented an interesting juxtaposition of insanity on the front page followed by a moment of clarity from an informed citizen.
Left front top.
“UNCG students would see a 10 percent increase in tuition next year under a plan the university’s board of trustees will vote on today.
But they could see additional increases as high as 10 percent annually for three years beyond that under a proposal the trustees are also considering.”
Later in the day we learn.
“Update: UNCG trustees approve tuition, fee hikes”
“UNCG’s trustees this morning unanimously approved a plan to increase tuition 10 percent next year, as well as a proposal that could boost tuition as much as 10 percent for three years beyond.
Following a recommendation from UNCG’s tuition and fee committee, trustees voted to raise tuition by $345 for in-state undergraduates and fees by $315 for 2012-13, bringing total tuition and fees to $6,153.
But they also approved a proposal from Chancellor Linda Brady that would allow her to seek additional increases of up to 3.5 percent for another three years. That supplemental increase would be in addition to any other campus- initiated tuition increase the university seeks.”
On the top right front of the December 2 edition we have:
“Jobless figures worst in 80 years”
“data released Thursday by the Employment Security Commission of North Carolina show that Guilford appears on it’s way to a third consecutive year with annual jobless rates in double digits.
Economists say that likely hasn’t happened since the Great Depression.
“I suspect we would have to go back to the 1930’s (to find that),” said Don Jud, professor emeritus at UNCG’s Bryan School of Business and Economics.”
I would provide a link but when I last checked this site was the only one that I found reporting this on the internet.
Anyone else see the irony, stupidity and connections to the Obama administration in this?
In the same December 2 edition of the News and Record on December 2 on the Opinion page the following astute observation was made:
“Athletic department drains UNCG”
“By Christopher C. Tew
Let’s examine Chancellor Linda Brady’s 10 percent solution to UNCG’s education costs:
Knowing that the new legislative majority wouldn’t sufficiently fund any level of education, UNCG proposed a 2011-12 tuition and fees schedule that has forced out several hundred students whose families couldn’t afford increases of more than $500, about what students must pay, after a 10.6 percent increase, to subsidize an athletic department of 250 athletes and 70 coaches and staff.
With incredibly poor timing, UNCG also limited enrollment “educational opportunities,” and thus income, to raise standards in an economic climate where college graduates have better chances of finding work.
To reconcile these incompatibilities, Brady proposes a 10 percent solution: increases raising $7.5 million; increases redistributing some families’ income to provide loans and grants for others; increases giving to UNCG’s athletic department, which teaches no credit courses, employs no one who addresses UNCG’s educational or research missions, and redistributes mainly North Carolina income to mainly out-of-state athletes because UNCG’s teams don’t generate enough interest and earned revenue to cover costs.
This 10 percent solution is typical of an administration that has botched the mergers of two academic divisions, demoralized and alienated its faculty and staff with heavy-handed arrogance, and plans to force students to pay for extravagant discretionary construction, most of it more suitably funded, accomplished and managed by free-enterprise firms, while the campus library goes without books and journals and is left to raise its own funds for a long-needed media center.
UNCG should simply disband its athletic department. The freed-up resources would exceed Brady’s 10 percent solution with no net increase in student costs. Long-term savings from salaries, benefits and NCAA obligations could fund ample intramural sports and improve neglected faculty compensation.
Brady might also augment the $324,000 compensation she apparently finds too meager.”