Another Example of the Use of Loaded Words By Our Administration - "Investment"
The word transparency has taken a terrible beating lately, and investment is also rapidly degenerating into adminspeak.
"State support is on the wrong trajectory," Bruininks said. " Now is not the time to reduce the university's quality and capacity. Now is the time to invest in the university's quest for excellence." A strategic decision to upgrade the University of Minnesota now, combined with a renewed resolve within the university for both excellence and public accountability, would position the state well when the economy rebounds, he said.
Pawlenty makes the same argument about strategic investment when making the case for a cut in corporate taxes. In fact, Pawlenty's corporate tax cut is nearly equivalent to the budget cut his budget would deal the university. The Legislature would do well to weigh Pawlenty's idea against the proven contribution the University of Minnesota has made to this state's prosperity through the decades, and ask: Which would be the smarter strategic move this year?
Apparently, when the money is being spent for what Governor Pawlenty and President Bruininks want, then it is an investment.
Presdident Bruininks is fond of using the word investment - at least when he is in St. Paul. I suggest that he invest in the University himself, by taking a cut in his obscene (under the circumstances) compensation of $740 K per year. Time to put your money where your mouth is, Bob?
Instead of cutting Regents Scholarships, another creative source of about 2.5 million dollars, would be to cut the salaries of all U of M employees who make more than $250K by ten percent. If President Bruininks took a twenty percent cut that alone would bring in about 150K$. And he would still be pulling down more than half a million dollars a year. However could you live on this pittance, Bob?