With the Big Three seeking a bailout from Washington, the Big Ten are following suit. Earlier this week the Carnegie Corporation of New York took out a two-page ad in the New York Times, signed by executives of 36 public universities, state university systems and higher-education associations, urging Congress and President-elect Obama to rescue them.

Mr. Obama has already promised to expand federal subsidies to higher education by increasing Pell grants and making student-loan terms more permissive. The university chiefs seek an additional “federal infusion of capital” — as much as $45 billion — to build new facilities, especially “green” ones. “To ensure a rapid response, only projects that are shovel-ready or on which construction can begin within 120-180 days should be funded,” says the ad.
Source: WSJ

How long will the government have money enough to keep bailing out Banks, auto companies and now universities? The American taxpayers are starting to ask themselves where is this money going to come from? Obama can’t raise taxes on the companies cause they are all going backrupt or being gave Taxpayers money. He can’t raised taxes on the rich as they are the ones that own the businesses that are not making enough money to make ends meet. Let see who is left to tax…yes you got it the middle class working Americans!

LINKS:
(1) I Can Haz Edukashun? Obama’s Education Secretary Fails At Just 17% On Proper Reading Level
In 2007, only 17 percent of eighth graders tested at or above grade level in reading in Chicago Public Schools – the school system administered by Arne Duncan since 2001.

(2) Universities request federal economic stimulus money
Most of the money would go to public institutions, which educate 80 percent of all college students, although private schools could qualify.

(3) Next in the bailout line…
$45 billion in public handouts for telephone and cable companies?!?!