An interesting piece from Cincinnati's student newspaper:

Soaring subsidies

UC had $102 million in deficits over the course of 4 years. That had to be covered with student fees as well as general fund money from the university itself.

Of course, it's not just a problem for UC. Everyone outside the P5 has this problem to one degree or another.

They will have to find ways to generate more revenue. At some point, they will need a G5 playoff. That's especially true as the Power leagues consolidate to some degree.

(04-06-2018 11:51 PM)AllTideUp Wrote:  An interesting piece from Cincinnati's student newspaper:

Soaring subsidies

UC had $102 million in deficits over the course of 4 years. That had to be covered with student fees as well as general fund money from the university itself.

Of course, it's not just a problem for UC. Everyone outside the P5 has this problem to one degree or another.

They will have to find ways to generate more revenue. At some point, they will need a G5 playoff. That's especially true as the Power leagues consolidate to some degree.

ATU, this is what the Harvard professor was driving at when he said that roughly half of the institutions of higher learning would be gone in a little over a decade. Georgia Tech is 300 million in red ink for athletics and they are a P5.

When the top schools started raking it in there were a lot of the mid sized schools that started spending like drunken sailors in hopes that their brand would catch on and it would drive enrollment and earn them a spot at the trough for TV revenues.

I am, and have always been, a fiscal conservative and when I rub ArkanasaStFan the wrong way, or 58-56, or any of the others who seem to think red ink is fine for these schools so they can have what others have, it is because that way of thinking is destroying our nation. Those who live within their means stick around. That goes for couples who start a marriage, businesses, and athletic teams. Nine out of every 10 divorces are because of financial mismanagement. The other is for all of the other reasons combined. But the most destructive misuse of money is by state or federal institutions where the responsibility for the debt falls upon those who can't make those decisions, the taxpayers.

When U.A.B. gets a 90 million dollar stadium and has nearly a 50 million dollar start up cost for a football program that operates in the red, it puts pressure on the state to borrow against the retirees pension plans. So we sacrifice the stability of 30 year public servants so a bunch of kids and a few donors at U.A.B. can pretend to have a football program. That kind of decision is not just wrong but irresponsible and immoral. And that's small potatoes compared to the other government ills that defy reason.

Whether this board wants to admit it or not the next big factor in realignment (after the next rights deals) will be the forced exit from expensive sports like football by schools who can't afford it. It won't be popular and politicians will try to cave to the supposed public outcry. But sooner or later they won't be able to afford it or justify it.

And based on enrollment trends (down) consolidation of students into fewer sponsored state schools is coming. The oldest and largest state schools led the way in realignment for revenue streams because in 2010 after "Too Big to Fail" they knew what was coming. The building in Auburn and Tuscaloosa is quite intentional and in preparation.

We talk all the time about 4 x 16's etc., and you like putting more in there, but in reality we may be looking eventually at 54 to 48 instead of 64. And the global trade issues we are beginning to debate in earnest now, are because the federal debt is out of control and we can't remain in negative cash flow relationships with other nations. At stake is the value of the dollar and its use as the world reserve currency. Bitcoin and other crypto currencies are an attempt by those in the global trade community to find a currency they can trust. Unfortunately those currencies aren't really backed either and they are a fool's investment. But China has been pushing for a Pan Asian currency and they want their Renminbi which is 10% backed by gold to be it. It's about the 3rd step in their military's long term plan for the destabilization of the U.S..
The war college in Beijing has been setting that blueprint for at least 30 years. But the world reserve status is the lynch pin of that plan. So things are going to get much tighter here within a relatively quick period of time and they won't be going away quickly. And that is why whether it is popular or not all of the states are going to be cutting way back on non essential expenditures.

In Alabama, Bronner has managed the pension plan so well, that keeping the politicians' itchy palms off of it has been a Herculean feat. And the fight goes on.

(04-07-2018 02:01 AM)JRsec Wrote:  

(04-06-2018 11:51 PM)AllTideUp Wrote:  An interesting piece from Cincinnati's student newspaper:

Soaring subsidies

UC had $102 million in deficits over the course of 4 years. That had to be covered with student fees as well as general fund money from the university itself.

Of course, it's not just a problem for UC. Everyone outside the P5 has this problem to one degree or another.

They will have to find ways to generate more revenue. At some point, they will need a G5 playoff. That's especially true as the Power leagues consolidate to some degree.

ATU, this is what the Harvard professor was driving at when he said that roughly half of the institutions of higher learning would be gone in a little over a decade. Georgia Tech is 300 million in red ink for athletics and they are a P5.

When the top schools started raking it in there were a lot of the mid sized schools that started spending like drunken sailors in hopes that their brand would catch on and it would drive enrollment and earn them a spot at the trough for TV revenues.

I am, and have always been, a fiscal conservative and when I rub ArkanasaStFan the wrong way, or 58-56, or any of the others who seem to think red ink is fine for these schools so they can have what others have, it is because that way of thinking is destroying our nation. Those who live within their means stick around. That goes for couples who start a marriage, businesses, and athletic teams. Nine out of every 10 divorces are because of financial mismanagement. The other is for all of the other reasons combined. But the most destructive misuse of money is by state or federal institutions where the responsibility for the debt falls upon those who can't make those decisions, the taxpayers.

When U.A.B. gets a 90 million dollar stadium and has nearly a 50 million dollar start up cost for a football program that operates in the red, it puts pressure on the state to borrow against the retirees pension plans. So we sacrifice the stability of 30 year public servants so a bunch of kids and a few donors at U.A.B. can pretend to have a football program. That kind of decision is not just wrong but irresponsible and immoral. And that's small potatoes compared to the other government ills that defy reason.

Whether this board wants to admit it or not the next big factor in realignment (after the next rights deals) will be the forced exit from expensive sports like football by schools who can't afford it. It won't be popular and politicians will try to cave to the supposed public outcry. But sooner or later they won't be able to afford it or justify it.

And based on enrollment trends (down) consolidation of students into fewer sponsored state schools is coming. The oldest and largest state schools led the way in realignment for revenue streams because in 2010 after "Too Big to Fail" they knew what was coming. The building in Auburn and Tuscaloosa is quite intentional and in preparation.

We talk all the time about 4 x 16's etc., and you like putting more in there, but in reality we may be looking eventually at 54 to 48 instead of 64. And the global trade issues we are beginning to debate in earnest now, are because the federal debt is out of control and we can't remain in negative cash flow relationships with other nations. At stake is the value of the dollar and its use as the world reserve currency. Bitcoin and other crypto currencies are an attempt by those in the global trade community to find a currency they can trust. Unfortunately those currencies aren't really backed either and they are a fool's investment. But China has been pushing for a Pan Asian currency and they want their Renminbi which is 10% backed by gold to be it. It's about the 3rd step in their military's long term plan for the destabilization of the U.S..
The war college in Beijing has been setting that blueprint for at least 30 years. But the world reserve status is the lynch pin of that plan. So things are going to get much tighter here within a relatively quick period of time and they won't be going away quickly. And that is why whether it is popular or not all of the states are going to be cutting way back on non essential expenditures.

In Alabama, Bronner has managed the pension plan so well, that keeping the politicians' itchy palms off of it has been a Herculean feat. And the fight goes on.

At the federal level, expect a play to raid the 401k plans.

(04-07-2018 08:11 AM)RocketCitySooner Wrote:  

(04-07-2018 02:01 AM)JRsec Wrote:  

(04-06-2018 11:51 PM)AllTideUp Wrote:  An interesting piece from Cincinnati's student newspaper:

Soaring subsidies

UC had $102 million in deficits over the course of 4 years. That had to be covered with student fees as well as general fund money from the university itself.

Of course, it's not just a problem for UC. Everyone outside the P5 has this problem to one degree or another.

They will have to find ways to generate more revenue. At some point, they will need a G5 playoff. That's especially true as the Power leagues consolidate to some degree.

ATU, this is what the Harvard professor was driving at when he said that roughly half of the institutions of higher learning would be gone in a little over a decade. Georgia Tech is 300 million in red ink for athletics and they are a P5.

When the top schools started raking it in there were a lot of the mid sized schools that started spending like drunken sailors in hopes that their brand would catch on and it would drive enrollment and earn them a spot at the trough for TV revenues.

I am, and have always been, a fiscal conservative and when I rub ArkanasaStFan the wrong way, or 58-56, or any of the others who seem to think red ink is fine for these schools so they can have what others have, it is because that way of thinking is destroying our nation. Those who live within their means stick around. That goes for couples who start a marriage, businesses, and athletic teams. Nine out of every 10 divorces are because of financial mismanagement. The other is for all of the other reasons combined. But the most destructive misuse of money is by state or federal institutions where the responsibility for the debt falls upon those who can't make those decisions, the taxpayers.

When U.A.B. gets a 90 million dollar stadium and has nearly a 50 million dollar start up cost for a football program that operates in the red, it puts pressure on the state to borrow against the retirees pension plans. So we sacrifice the stability of 30 year public servants so a bunch of kids and a few donors at U.A.B. can pretend to have a football program. That kind of decision is not just wrong but irresponsible and immoral. And that's small potatoes compared to the other government ills that defy reason.

Whether this board wants to admit it or not the next big factor in realignment (after the next rights deals) will be the forced exit from expensive sports like football by schools who can't afford it. It won't be popular and politicians will try to cave to the supposed public outcry. But sooner or later they won't be able to afford it or justify it.

And based on enrollment trends (down) consolidation of students into fewer sponsored state schools is coming. The oldest and largest state schools led the way in realignment for revenue streams because in 2010 after "Too Big to Fail" they knew what was coming. The building in Auburn and Tuscaloosa is quite intentional and in preparation.

We talk all the time about 4 x 16's etc., and you like putting more in there, but in reality we may be looking eventually at 54 to 48 instead of 64. And the global trade issues we are beginning to debate in earnest now, are because the federal debt is out of control and we can't remain in negative cash flow relationships with other nations. At stake is the value of the dollar and its use as the world reserve currency. Bitcoin and other crypto currencies are an attempt by those in the global trade community to find a currency they can trust. Unfortunately those currencies aren't really backed either and they are a fool's investment. But China has been pushing for a Pan Asian currency and they want their Renminbi which is 10% backed by gold to be it. It's about the 3rd step in their military's long term plan for the destabilization of the U.S..
The war college in Beijing has been setting that blueprint for at least 30 years. But the world reserve status is the lynch pin of that plan. So things are going to get much tighter here within a relatively quick period of time and they won't be going away quickly. And that is why whether it is popular or not all of the states are going to be cutting way back on non essential expenditures.

In Alabama, Bronner has managed the pension plan so well, that keeping the politicians' itchy palms off of it has been a Herculean feat. And the fight goes on.

At the federal level, expect a play to raid the 401k plans.

I'm in total agreement with you on this RocketCitySooner. It's what LBJ did with Social Security and they are have already been trying to access it. Under Obama Cass Sunstein (of the Weather Underground infamy) was proposing that our social security be reduced by the amount of our 401K's and 403B's and that our payout from the latter be annuitized so that our heirs never inherited the remainder at our deaths. So in other words the Feds would reduce their obligation to our SSI by money that we personally earned and saved or that our employers contributed because of our years of service, and that we never be allowed to have our retirement in principal. So by stroke of pen every retirement plan would fall under the auspices of the Federal Government and all of us would be placed on a form of Socialist Dole in our later years. Now couple that with the reduced health care that the Affordable Care Act wished to impose and our retirement plans become expirement plans. And what's worse our children are cut off from real assets that we in part saved to pass onto them.

(04-07-2018 11:52 AM)JRsec Wrote:  

(04-07-2018 08:11 AM)RocketCitySooner Wrote:  

(04-07-2018 02:01 AM)JRsec Wrote:  

(04-06-2018 11:51 PM)AllTideUp Wrote:  An interesting piece from Cincinnati's student newspaper:

Soaring subsidies

UC had $102 million in deficits over the course of 4 years. That had to be covered with student fees as well as general fund money from the university itself.

Of course, it's not just a problem for UC. Everyone outside the P5 has this problem to one degree or another.

They will have to find ways to generate more revenue. At some point, they will need a G5 playoff. That's especially true as the Power leagues consolidate to some degree.

ATU, this is what the Harvard professor was driving at when he said that roughly half of the institutions of higher learning would be gone in a little over a decade. Georgia Tech is 300 million in red ink for athletics and they are a P5.

When the top schools started raking it in there were a lot of the mid sized schools that started spending like drunken sailors in hopes that their brand would catch on and it would drive enrollment and earn them a spot at the trough for TV revenues.

I am, and have always been, a fiscal conservative and when I rub ArkanasaStFan the wrong way, or 58-56, or any of the others who seem to think red ink is fine for these schools so they can have what others have, it is because that way of thinking is destroying our nation. Those who live within their means stick around. That goes for couples who start a marriage, businesses, and athletic teams. Nine out of every 10 divorces are because of financial mismanagement. The other is for all of the other reasons combined. But the most destructive misuse of money is by state or federal institutions where the responsibility for the debt falls upon those who can't make those decisions, the taxpayers.

When U.A.B. gets a 90 million dollar stadium and has nearly a 50 million dollar start up cost for a football program that operates in the red, it puts pressure on the state to borrow against the retirees pension plans. So we sacrifice the stability of 30 year public servants so a bunch of kids and a few donors at U.A.B. can pretend to have a football program. That kind of decision is not just wrong but irresponsible and immoral. And that's small potatoes compared to the other government ills that defy reason.

Whether this board wants to admit it or not the next big factor in realignment (after the next rights deals) will be the forced exit from expensive sports like football by schools who can't afford it. It won't be popular and politicians will try to cave to the supposed public outcry. But sooner or later they won't be able to afford it or justify it.

And based on enrollment trends (down) consolidation of students into fewer sponsored state schools is coming. The oldest and largest state schools led the way in realignment for revenue streams because in 2010 after "Too Big to Fail" they knew what was coming. The building in Auburn and Tuscaloosa is quite intentional and in preparation.

We talk all the time about 4 x 16's etc., and you like putting more in there, but in reality we may be looking eventually at 54 to 48 instead of 64. And the global trade issues we are beginning to debate in earnest now, are because the federal debt is out of control and we can't remain in negative cash flow relationships with other nations. At stake is the value of the dollar and its use as the world reserve currency. Bitcoin and other crypto currencies are an attempt by those in the global trade community to find a currency they can trust. Unfortunately those currencies aren't really backed either and they are a fool's investment. But China has been pushing for a Pan Asian currency and they want their Renminbi which is 10% backed by gold to be it. It's about the 3rd step in their military's long term plan for the destabilization of the U.S..
The war college in Beijing has been setting that blueprint for at least 30 years. But the world reserve status is the lynch pin of that plan. So things are going to get much tighter here within a relatively quick period of time and they won't be going away quickly. And that is why whether it is popular or not all of the states are going to be cutting way back on non essential expenditures.

In Alabama, Bronner has managed the pension plan so well, that keeping the politicians' itchy palms off of it has been a Herculean feat. And the fight goes on.

At the federal level, expect a play to raid the 401k plans.

I'm in total agreement with you on this RocketCitySooner. It's what LBJ did with Social Security and they are have already been trying to access it. Under Obama Cass Sunstein (of the Weather Underground infamy) was proposing that our social security be reduced by the amount of our 401K's and 403B's and that our payout from the latter be annuitized so that our heirs never inherited the remainder at our deaths. So in other words the Feds would reduce their obligation to our SSI by money that we personally earned and saved or that our employers contributed because of our years of service, and that we never be allowed to have our retirement in principal. So by stroke of pen every retirement plan would fall under the auspices of the Federal Government and all of us would be placed on a form of Socialist Dole in our later years. Now couple that with the reduced health care that the Affordable Care Act wished to impose and our retirement plans become expirement plans. And what's worse our children are cut off from real assets that we in part saved to pass onto them.

There's another way of grabbing the 401K plans. One of Robert Reich's minions under President Clinton proposed transferring 10 or 15% of the current balance in the plans to "social responsible plans" that would be invested in reducing poverty in the inner cities. Fifteen percent of future contributions would have also been diverted to these "social responsible plans". They claimed this would actually save money for the rest of the us since these funds would, in the long run, reduce poverty, eliminate crime, and turn the inner cities into utopian communities that would contribute to the country instead of being "inner cities". Of course, once in those "social responsible plans", there would be no future withdrawals.

(04-07-2018 06:30 PM)RocketCitySooner Wrote:  

(04-07-2018 11:52 AM)JRsec Wrote:  

(04-07-2018 08:11 AM)RocketCitySooner Wrote:  

(04-07-2018 02:01 AM)JRsec Wrote:  

(04-06-2018 11:51 PM)AllTideUp Wrote:  An interesting piece from Cincinnati's student newspaper:

Soaring subsidies

UC had $102 million in deficits over the course of 4 years. That had to be covered with student fees as well as general fund money from the university itself.

Of course, it's not just a problem for UC. Everyone outside the P5 has this problem to one degree or another.

They will have to find ways to generate more revenue. At some point, they will need a G5 playoff. That's especially true as the Power leagues consolidate to some degree.

ATU, this is what the Harvard professor was driving at when he said that roughly half of the institutions of higher learning would be gone in a little over a decade. Georgia Tech is 300 million in red ink for athletics and they are a P5.

When the top schools started raking it in there were a lot of the mid sized schools that started spending like drunken sailors in hopes that their brand would catch on and it would drive enrollment and earn them a spot at the trough for TV revenues.

I am, and have always been, a fiscal conservative and when I rub ArkanasaStFan the wrong way, or 58-56, or any of the others who seem to think red ink is fine for these schools so they can have what others have, it is because that way of thinking is destroying our nation. Those who live within their means stick around. That goes for couples who start a marriage, businesses, and athletic teams. Nine out of every 10 divorces are because of financial mismanagement. The other is for all of the other reasons combined. But the most destructive misuse of money is by state or federal institutions where the responsibility for the debt falls upon those who can't make those decisions, the taxpayers.

When U.A.B. gets a 90 million dollar stadium and has nearly a 50 million dollar start up cost for a football program that operates in the red, it puts pressure on the state to borrow against the retirees pension plans. So we sacrifice the stability of 30 year public servants so a bunch of kids and a few donors at U.A.B. can pretend to have a football program. That kind of decision is not just wrong but irresponsible and immoral. And that's small potatoes compared to the other government ills that defy reason.

Whether this board wants to admit it or not the next big factor in realignment (after the next rights deals) will be the forced exit from expensive sports like football by schools who can't afford it. It won't be popular and politicians will try to cave to the supposed public outcry. But sooner or later they won't be able to afford it or justify it.

And based on enrollment trends (down) consolidation of students into fewer sponsored state schools is coming. The oldest and largest state schools led the way in realignment for revenue streams because in 2010 after "Too Big to Fail" they knew what was coming. The building in Auburn and Tuscaloosa is quite intentional and in preparation.

We talk all the time about 4 x 16's etc., and you like putting more in there, but in reality we may be looking eventually at 54 to 48 instead of 64. And the global trade issues we are beginning to debate in earnest now, are because the federal debt is out of control and we can't remain in negative cash flow relationships with other nations. At stake is the value of the dollar and its use as the world reserve currency. Bitcoin and other crypto currencies are an attempt by those in the global trade community to find a currency they can trust. Unfortunately those currencies aren't really backed either and they are a fool's investment. But China has been pushing for a Pan Asian currency and they want their Renminbi which is 10% backed by gold to be it. It's about the 3rd step in their military's long term plan for the destabilization of the U.S..
The war college in Beijing has been setting that blueprint for at least 30 years. But the world reserve status is the lynch pin of that plan. So things are going to get much tighter here within a relatively quick period of time and they won't be going away quickly. And that is why whether it is popular or not all of the states are going to be cutting way back on non essential expenditures.

In Alabama, Bronner has managed the pension plan so well, that keeping the politicians' itchy palms off of it has been a Herculean feat. And the fight goes on.

At the federal level, expect a play to raid the 401k plans.

I'm in total agreement with you on this RocketCitySooner. It's what LBJ did with Social Security and they are have already been trying to access it. Under Obama Cass Sunstein (of the Weather Underground infamy) was proposing that our social security be reduced by the amount of our 401K's and 403B's and that our payout from the latter be annuitized so that our heirs never inherited the remainder at our deaths. So in other words the Feds would reduce their obligation to our SSI by money that we personally earned and saved or that our employers contributed because of our years of service, and that we never be allowed to have our retirement in principal. So by stroke of pen every retirement plan would fall under the auspices of the Federal Government and all of us would be placed on a form of Socialist Dole in our later years. Now couple that with the reduced health care that the Affordable Care Act wished to impose and our retirement plans become expirement plans. And what's worse our children are cut off from real assets that we in part saved to pass onto them.

There's another way of grabbing the 401K plans. One of Robert Reich's minions under President Clinton proposed transferring 10 or 15% of the current balance in the plans to "social responsible plans" that would be invested in reducing poverty in the inner cities. Fifteen percent of future contributions would have also been diverted to these "social responsible plans". They claimed this would actually save money for the rest of the us since these funds would, in the long run, reduce poverty, eliminate crime, and turn the inner cities into utopian communities that would contribute to the country instead of being "inner cities". Of course, once in those "social responsible plans", there would be no future withdrawals.

Yes, it always made me wonder why we were fighting abroad when the enemies of our way of life were right here and were unchallenged because they were hiding within our own government. We need to clean up our own mess before we try to clean up the messes of others.

This kind of proposed legislation should scare the hell out of all Americans. We claim that constitutionally others cannot unlawfully seize our assets. We need to focus on not having them change the laws so that they can. IMO this is the worst kind of theft because you can't prosecute the crooks. I could go even deeper into this but suffice it to say that after homeland security was passed you can't even rat hole cash in excess of $5,000. I think it's time everyone reread Jefferson and Rousseau.

Feel sorry for those Eastern Michigan students. Story about two years old.

Quote:YPSILANTI, MI -- Administrators at Eastern Michigan University are hopeful a series of cost-saving measures and increased emphasis on fundraising will put the university's athletic program on a path to greater self-sufficiency.

But some faculty and staff remain skeptical

They question whether the moves will significantly reduce the $27.3 million institutional subsidy the university pumped into athletics in 2015, according to NCAA financial disclosure forms obtained by MLive.com.

On a per student basis, the subsidy equates to about $1,219 a year.

https://www.google.com/amp/s/articles.ml...ns_a_c.amp

So over $600 a semester per student to keep the athletic programs running. Failure. Hope they’ve fixed it since.

(04-08-2018 06:27 PM)murrdcu Wrote:  Feel sorry for those Eastern Michigan students. Story about two years old.

Quote:YPSILANTI, MI -- Administrators at Eastern Michigan University are hopeful a series of cost-saving measures and increased emphasis on fundraising will put the university's athletic program on a path to greater self-sufficiency.

But some faculty and staff remain skeptical

They question whether the moves will significantly reduce the $27.3 million institutional subsidy the university pumped into athletics in 2015, according to NCAA financial disclosure forms obtained by MLive.com.

On a per student basis, the subsidy equates to about $1,219 a year.

https://www.google.com/amp/s/articles.ml...ns_a_c.amp

So over $600 a semester per student to keep the athletic programs running. Failure. Hope they’ve fixed it since.

They would be better off dropping sports all together. Probably increase enrollment.

(04-07-2018 06:43 PM)JRsec Wrote:  

(04-07-2018 06:30 PM)RocketCitySooner Wrote:  

(04-07-2018 11:52 AM)JRsec Wrote:  

(04-07-2018 08:11 AM)RocketCitySooner Wrote:  

(04-07-2018 02:01 AM)JRsec Wrote:  ATU, this is what the Harvard professor was driving at when he said that roughly half of the institutions of higher learning would be gone in a little over a decade. Georgia Tech is 300 million in red ink for athletics and they are a P5.

When the top schools started raking it in there were a lot of the mid sized schools that started spending like drunken sailors in hopes that their brand would catch on and it would drive enrollment and earn them a spot at the trough for TV revenues.

I am, and have always been, a fiscal conservative and when I rub ArkanasaStFan the wrong way, or 58-56, or any of the others who seem to think red ink is fine for these schools so they can have what others have, it is because that way of thinking is destroying our nation. Those who live within their means stick around. That goes for couples who start a marriage, businesses, and athletic teams. Nine out of every 10 divorces are because of financial mismanagement. The other is for all of the other reasons combined. But the most destructive misuse of money is by state or federal institutions where the responsibility for the debt falls upon those who can't make those decisions, the taxpayers.

When U.A.B. gets a 90 million dollar stadium and has nearly a 50 million dollar start up cost for a football program that operates in the red, it puts pressure on the state to borrow against the retirees pension plans. So we sacrifice the stability of 30 year public servants so a bunch of kids and a few donors at U.A.B. can pretend to have a football program. That kind of decision is not just wrong but irresponsible and immoral. And that's small potatoes compared to the other government ills that defy reason.

Whether this board wants to admit it or not the next big factor in realignment (after the next rights deals) will be the forced exit from expensive sports like football by schools who can't afford it. It won't be popular and politicians will try to cave to the supposed public outcry. But sooner or later they won't be able to afford it or justify it.

And based on enrollment trends (down) consolidation of students into fewer sponsored state schools is coming. The oldest and largest state schools led the way in realignment for revenue streams because in 2010 after "Too Big to Fail" they knew what was coming. The building in Auburn and Tuscaloosa is quite intentional and in preparation.

We talk all the time about 4 x 16's etc., and you like putting more in there, but in reality we may be looking eventually at 54 to 48 instead of 64. And the global trade issues we are beginning to debate in earnest now, are because the federal debt is out of control and we can't remain in negative cash flow relationships with other nations. At stake is the value of the dollar and its use as the world reserve currency. Bitcoin and other crypto currencies are an attempt by those in the global trade community to find a currency they can trust. Unfortunately those currencies aren't really backed either and they are a fool's investment. But China has been pushing for a Pan Asian currency and they want their Renminbi which is 10% backed by gold to be it. It's about the 3rd step in their military's long term plan for the destabilization of the U.S..
The war college in Beijing has been setting that blueprint for at least 30 years. But the world reserve status is the lynch pin of that plan. So things are going to get much tighter here within a relatively quick period of time and they won't be going away quickly. And that is why whether it is popular or not all of the states are going to be cutting way back on non essential expenditures.

In Alabama, Bronner has managed the pension plan so well, that keeping the politicians' itchy palms off of it has been a Herculean feat. And the fight goes on.

At the federal level, expect a play to raid the 401k plans.

I'm in total agreement with you on this RocketCitySooner. It's what LBJ did with Social Security and they are have already been trying to access it. Under Obama Cass Sunstein (of the Weather Underground infamy) was proposing that our social security be reduced by the amount of our 401K's and 403B's and that our payout from the latter be annuitized so that our heirs never inherited the remainder at our deaths. So in other words the Feds would reduce their obligation to our SSI by money that we personally earned and saved or that our employers contributed because of our years of service, and that we never be allowed to have our retirement in principal. So by stroke of pen every retirement plan would fall under the auspices of the Federal Government and all of us would be placed on a form of Socialist Dole in our later years. Now couple that with the reduced health care that the Affordable Care Act wished to impose and our retirement plans become expirement plans. And what's worse our children are cut off from real assets that we in part saved to pass onto them.

There's another way of grabbing the 401K plans. One of Robert Reich's minions under President Clinton proposed transferring 10 or 15% of the current balance in the plans to "social responsible plans" that would be invested in reducing poverty in the inner cities. Fifteen percent of future contributions would have also been diverted to these "social responsible plans". They claimed this would actually save money for the rest of the us since these funds would, in the long run, reduce poverty, eliminate crime, and turn the inner cities into utopian communities that would contribute to the country instead of being "inner cities". Of course, once in those "social responsible plans", there would be no future withdrawals.

Yes, it always made me wonder why we were fighting abroad when the enemies of our way of life were right here and were unchallenged because they were hiding within our own government. We need to clean up our own mess before we try to clean up the messes of others.

This kind of proposed legislation should scare the hell out of all Americans. We claim that constitutionally others cannot unlawfully seize our assets. We need to focus on not having them change the laws so that they can. IMO this is the worst kind of theft because you can't prosecute the crooks. I could go even deeper into this but suffice it to say that after homeland security was passed you can't even rat hole cash in excess of $5,000. I think it's time everyone reread Jefferson and Rousseau.

Don't fall for the one where the government withholds a few dollars out of your paycheck each week so you can have a Volkswagen in a few years.

(04-07-2018 11:52 AM)JRsec Wrote:  

(04-07-2018 08:11 AM)RocketCitySooner Wrote:  

(04-07-2018 02:01 AM)JRsec Wrote:  

(04-06-2018 11:51 PM)AllTideUp Wrote:  An interesting piece from Cincinnati's student newspaper:

Soaring subsidies

UC had $102 million in deficits over the course of 4 years. That had to be covered with student fees as well as general fund money from the university itself.

Of course, it's not just a problem for UC. Everyone outside the P5 has this problem to one degree or another.

They will have to find ways to generate more revenue. At some point, they will need a G5 playoff. That's especially true as the Power leagues consolidate to some degree.

ATU, this is what the Harvard professor was driving at when he said that roughly half of the institutions of higher learning would be gone in a little over a decade. Georgia Tech is 300 million in red ink for athletics and they are a P5.

When the top schools started raking it in there were a lot of the mid sized schools that started spending like drunken sailors in hopes that their brand would catch on and it would drive enrollment and earn them a spot at the trough for TV revenues.

I am, and have always been, a fiscal conservative and when I rub ArkanasaStFan the wrong way, or 58-56, or any of the others who seem to think red ink is fine for these schools so they can have what others have, it is because that way of thinking is destroying our nation. Those who live within their means stick around. That goes for couples who start a marriage, businesses, and athletic teams. Nine out of every 10 divorces are because of financial mismanagement. The other is for all of the other reasons combined. But the most destructive misuse of money is by state or federal institutions where the responsibility for the debt falls upon those who can't make those decisions, the taxpayers.

When U.A.B. gets a 90 million dollar stadium and has nearly a 50 million dollar start up cost for a football program that operates in the red, it puts pressure on the state to borrow against the retirees pension plans. So we sacrifice the stability of 30 year public servants so a bunch of kids and a few donors at U.A.B. can pretend to have a football program. That kind of decision is not just wrong but irresponsible and immoral. And that's small potatoes compared to the other government ills that defy reason.

Whether this board wants to admit it or not the next big factor in realignment (after the next rights deals) will be the forced exit from expensive sports like football by schools who can't afford it. It won't be popular and politicians will try to cave to the supposed public outcry. But sooner or later they won't be able to afford it or justify it.

And based on enrollment trends (down) consolidation of students into fewer sponsored state schools is coming. The oldest and largest state schools led the way in realignment for revenue streams because in 2010 after "Too Big to Fail" they knew what was coming. The building in Auburn and Tuscaloosa is quite intentional and in preparation.

We talk all the time about 4 x 16's etc., and you like putting more in there, but in reality we may be looking eventually at 54 to 48 instead of 64. And the global trade issues we are beginning to debate in earnest now, are because the federal debt is out of control and we can't remain in negative cash flow relationships with other nations. At stake is the value of the dollar and its use as the world reserve currency. Bitcoin and other crypto currencies are an attempt by those in the global trade community to find a currency they can trust. Unfortunately those currencies aren't really backed either and they are a fool's investment. But China has been pushing for a Pan Asian currency and they want their Renminbi which is 10% backed by gold to be it. It's about the 3rd step in their military's long term plan for the destabilization of the U.S..
The war college in Beijing has been setting that blueprint for at least 30 years. But the world reserve status is the lynch pin of that plan. So things are going to get much tighter here within a relatively quick period of time and they won't be going away quickly. And that is why whether it is popular or not all of the states are going to be cutting way back on non essential expenditures.

In Alabama, Bronner has managed the pension plan so well, that keeping the politicians' itchy palms off of it has been a Herculean feat. And the fight goes on.

At the federal level, expect a play to raid the 401k plans.

I'm in total agreement with you on this RocketCitySooner. It's what LBJ did with Social Security and they are have already been trying to access it. Under Obama Cass Sunstein (of the Weather Underground infamy) was proposing that our social security be reduced by the amount of our 401K's and 403B's and that our payout from the latter be annuitized so that our heirs never inherited the remainder at our deaths. So in other words the Feds would reduce their obligation to our SSI by money that we personally earned and saved or that our employers contributed because of our years of service, and that we never be allowed to have our retirement in principal. So by stroke of pen every retirement plan would fall under the auspices of the Federal Government and all of us would be placed on a form of Socialist Dole in our later years. Now couple that with the reduced health care that the Affordable Care Act wished to impose and our retirement plans become expirement plans. And what's worse our children are cut off from real assets that we in part saved to pass onto them.

I suspect George Soros has played a part in this as well. For those of you who do not know who George Soros is, he is a very wealthy Hungarian that was a friend of the Bill & Hillary Clinton as well as Obama. He is a very outspoken opponent of President Trump, and views the US much like the Soviet Union or Nazi Germany.

(04-07-2018 02:01 AM)JRsec Wrote:  

(04-06-2018 11:51 PM)AllTideUp Wrote:  An interesting piece from Cincinnati's student newspaper:

Soaring subsidies

UC had $102 million in deficits over the course of 4 years. That had to be covered with student fees as well as general fund money from the university itself.

Of course, it's not just a problem for UC. Everyone outside the P5 has this problem to one degree or another.

They will have to find ways to generate more revenue. At some point, they will need a G5 playoff. That's especially true as the Power leagues consolidate to some degree.

ATU, this is what the Harvard professor was driving at when he said that roughly half of the institutions of higher learning would be gone in a little over a decade. Georgia Tech is 300 million in red ink for athletics and they are a P5.

When the top schools started raking it in there were a lot of the mid sized schools that started spending like drunken sailors in hopes that their brand would catch on and it would drive enrollment and earn them a spot at the trough for TV revenues.

I am, and have always been, a fiscal conservative and when I rub ArkanasaStFan the wrong way, or 58-56, or any of the others who seem to think red ink is fine for these schools so they can have what others have, it is because that way of thinking is destroying our nation. Those who live within their means stick around. That goes for couples who start a marriage, businesses, and athletic teams. Nine out of every 10 divorces are because of financial mismanagement. The other is for all of the other reasons combined. But the most destructive misuse of money is by state or federal institutions where the responsibility for the debt falls upon those who can't make those decisions, the taxpayers.

When U.A.B. gets a 90 million dollar stadium and has nearly a 50 million dollar start up cost for a football program that operates in the red, it puts pressure on the state to borrow against the retirees pension plans. So we sacrifice the stability of 30 year public servants so a bunch of kids and a few donors at U.A.B. can pretend to have a football program. That kind of decision is not just wrong but irresponsible and immoral. And that's small potatoes compared to the other government ills that defy reason.

Whether this board wants to admit it or not the next big factor in realignment (after the next rights deals) will be the forced exit from expensive sports like football by schools who can't afford it. It won't be popular and politicians will try to cave to the supposed public outcry. But sooner or later they won't be able to afford it or justify it.

And based on enrollment trends (down) consolidation of students into fewer sponsored state schools is coming. The oldest and largest state schools led the way in realignment for revenue streams because in 2010 after "Too Big to Fail" they knew what was coming. The building in Auburn and Tuscaloosa is quite intentional and in preparation.

We talk all the time about 4 x 16's etc., and you like putting more in there, but in reality we may be looking eventually at 54 to 48 instead of 64. And the global trade issues we are beginning to debate in earnest now, are because the federal debt is out of control and we can't remain in negative cash flow relationships with other nations. At stake is the value of the dollar and its use as the world reserve currency. Bitcoin and other crypto currencies are an attempt by those in the global trade community to find a currency they can trust. Unfortunately those currencies aren't really backed either and they are a fool's investment. But China has been pushing for a Pan Asian currency and they want their Renminbi which is 10% backed by gold to be it. It's about the 3rd step in their military's long term plan for the destabilization of the U.S..
The war college in Beijing has been setting that blueprint for at least 30 years. But the world reserve status is the lynch pin of that plan. So things are going to get much tighter here within a relatively quick period of time and they won't be going away quickly. And that is why whether it is popular or not all of the states are going to be cutting way back on non essential expenditures.

In Alabama, Bronner has managed the pension plan so well, that keeping the politicians' itchy palms off of it has been a Herculean feat. And the fight goes on.

I don't know if it will happen in 10 years, but whenever Boomers start retiring en-mass is when this crunch said professor predicted will really begin.

(04-12-2018 04:45 AM)vandiver49 Wrote:  

(04-07-2018 02:01 AM)JRsec Wrote:  

(04-06-2018 11:51 PM)AllTideUp Wrote:  An interesting piece from Cincinnati's student newspaper:

Soaring subsidies

UC had $102 million in deficits over the course of 4 years. That had to be covered with student fees as well as general fund money from the university itself.

Of course, it's not just a problem for UC. Everyone outside the P5 has this problem to one degree or another.

They will have to find ways to generate more revenue. At some point, they will need a G5 playoff. That's especially true as the Power leagues consolidate to some degree.

ATU, this is what the Harvard professor was driving at when he said that roughly half of the institutions of higher learning would be gone in a little over a decade. Georgia Tech is 300 million in red ink for athletics and they are a P5.

When the top schools started raking it in there were a lot of the mid sized schools that started spending like drunken sailors in hopes that their brand would catch on and it would drive enrollment and earn them a spot at the trough for TV revenues.

I am, and have always been, a fiscal conservative and when I rub ArkanasaStFan the wrong way, or 58-56, or any of the others who seem to think red ink is fine for these schools so they can have what others have, it is because that way of thinking is destroying our nation. Those who live within their means stick around. That goes for couples who start a marriage, businesses, and athletic teams. Nine out of every 10 divorces are because of financial mismanagement. The other is for all of the other reasons combined. But the most destructive misuse of money is by state or federal institutions where the responsibility for the debt falls upon those who can't make those decisions, the taxpayers.

When U.A.B. gets a 90 million dollar stadium and has nearly a 50 million dollar start up cost for a football program that operates in the red, it puts pressure on the state to borrow against the retirees pension plans. So we sacrifice the stability of 30 year public servants so a bunch of kids and a few donors at U.A.B. can pretend to have a football program. That kind of decision is not just wrong but irresponsible and immoral. And that's small potatoes compared to the other government ills that defy reason.

Whether this board wants to admit it or not the next big factor in realignment (after the next rights deals) will be the forced exit from expensive sports like football by schools who can't afford it. It won't be popular and politicians will try to cave to the supposed public outcry. But sooner or later they won't be able to afford it or justify it.

And based on enrollment trends (down) consolidation of students into fewer sponsored state schools is coming. The oldest and largest state schools led the way in realignment for revenue streams because in 2010 after "Too Big to Fail" they knew what was coming. The building in Auburn and Tuscaloosa is quite intentional and in preparation.

We talk all the time about 4 x 16's etc., and you like putting more in there, but in reality we may be looking eventually at 54 to 48 instead of 64. And the global trade issues we are beginning to debate in earnest now, are because the federal debt is out of control and we can't remain in negative cash flow relationships with other nations. At stake is the value of the dollar and its use as the world reserve currency. Bitcoin and other crypto currencies are an attempt by those in the global trade community to find a currency they can trust. Unfortunately those currencies aren't really backed either and they are a fool's investment. But China has been pushing for a Pan Asian currency and they want their Renminbi which is 10% backed by gold to be it. It's about the 3rd step in their military's long term plan for the destabilization of the U.S..
The war college in Beijing has been setting that blueprint for at least 30 years. But the world reserve status is the lynch pin of that plan. So things are going to get much tighter here within a relatively quick period of time and they won't be going away quickly. And that is why whether it is popular or not all of the states are going to be cutting way back on non essential expenditures.

In Alabama, Bronner has managed the pension plan so well, that keeping the politicians' itchy palms off of it has been a Herculean feat. And the fight goes on.

I don't know if it will happen in 10 years, but whenever Boomers start retiring en-mass is when this crunch said professor predicted will really begin.

What do you think caused the financial crunch in 2008? 2008 was 62 years after 1946. Boomers have been retiring now for 10 years. So the majority are in retirement, self included. What is going to destroy the economy is that with the dying of the Boomers (which has now started statistically) the last vested generation is beginning to pass which means the tax base is in crisis mode. The new generation is not starting private businesses at the rate that the Boomers once did. They don't have the disposable income that the Boomers had. And the Boomers aren't leaving much behind because of health care costs, and reverse mortgages and alzheimer's care. Between hospitals, assisted living, nursing home, and funeral home expenses once an estate is divided among the 2.5 kids they averaged having there isn't much of a nest egg left.

We may be the first nation ever to move into socialism without a revolution and because of massive debt and the corporation's ability to locate overseas but profit from within the nation thereby avoiding many taxes that have been there to support the national economy and infrastructure.

Khrushchev once said they would bury us. He wasn't smart enough to realize that the burying of the generation he was addressing is what would bury us. Life will go on. But the quality of life is fading fast.