Quote:
Originally Posted by RaiderH8r
Let'em dip into that endowment. Let the alumni hold a bake sale. Is it going to hurt? Hell yes. That's the point. This shit happens frequently. Offshore oil production is a hell of a lot larger economic driver to the gulf coast than PSU and nobody blinked when the US unilaterally shut it down for about a year. BFD, life will go on. If there is a void it will be filled. PSU can operate away on endowments and alumni til their tits tickle but be ****ed if public dollars get used to pay for the rape and institutional complicity. If the state of PA wants to fund the school I guess that's their prerogative but federal money should be spent shutting down and moving projects out of PSU ahead of cutting all federal money pending the final outcome of the final trial related to this.
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Good points. A few bake sales should cover up hundreds of millions in losses. Alumni donations minus a football program will not only stay the same but increase by hundreds of millions of dollars. That endowment is money sitting on the table to cover hundreds of millions in losses in perpetuity. State of Pennsylvania and federal funding shouldn't be used to fund one of the us's biggest research institutions. Oh, and eliminating penn state will have no visible impact on the economy, the state of Pennsylvania, and the US.
But billions of dollars in losses is a good way to really stick it to penn state. It's a good way to punish all Pennsylvanians who had the stupidity to live in that state. It's a good punishment for all those who had the audacity to have a wrong opinion about their football team. But at least this will teach everyone an expensive lesson.