"Faculty pans cutbacks at UMass
Amherst Faculty members at the University of Massachusetts at Amherst are criticizing Chancellor Robert C. Holub's decision to freeze hiring and cut spending by $12 million in response to reduced state subsidies, contending he should instead tap reserves to offset the lost revenue. The university's main faculty union, the Massachusetts Society of Professors, said the university should use money set aside for future building projects to avoid cuts to academic departments. The fund has approximately $200 million and last year earned $9 million in interest, the union said (Boston Globe)."
These guys are no different than the state -- sitting on money while borrowing and cutting!! No wonder this state is in such shit shape!
Of course, "flushing . . . millions of dollars away supporting a highly profitable industry" when it comes to $300 million in taxpayer dollars for Hollywood is o.k., even as the price of a school lunch rises; paying $13 million for a computer software system that could have cost less than $3 million is all right because the winner was a close friend of the House speaker, even as my poorer-than-dirt district "has been struggling to close a $2 million budget gap."; the lottery shelling out "millions of dollars" for sports tickets for "lottery officials, their family members, and friends" is fine, even as schools are closing; making interest payments to banks to the tune of "a staggering $22 billion" for the Big Pit, as we call it around here, is required, even as bridges are neglected across the state; and again, paying off banks like UBS, who can "demand repayment of an additional $2 million a month beginning in January" while also receiving a "$179 million payment," while the state pension fund loses $1 billion dollars -- which still didn't stop the executive director from carving himself a nice "$64,000 bonus on top of his $322,000 annual salary."
Oh, and did I not mention the $1 BILLION dollar giveaway to the pharmaceutical corporations, even though "it's never been easy to turn a profit in biotech?" Flush that money away, too, taxpayer. Of course, the war looters were next in line for a handout. And should the state be appropriating money for a "multimillion-dollar reconstruction" of golf courses?
Nor is it RECKLESS to BORROW the STATE INTO OBLIVION so they can PAY INTEREST to BANKS while SITTING ON $2 BILLION DOLLARS!
Need one final insult, Mass. taxpayers?
See: Massachusetts Gives More Money to Hollywood
Yup, but they are going to CUT JOBS and SERVICES while telling us we need to keep the income tax!!
Don't you just get SICK of the BULLSHIT?!!!!
Hell, Hollywood could make the $12 MILLION payments itself, never mind the BILLIONS in BANK INTEREST this state is shoveling away!
