Author Topic: Support Your Ivy League Schools  (Read 1425 times)

Offline topside

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Support Your Ivy League Schools
« on: April 01, 2017, 02:23:20 PM »
... well, apparently you already are.

It was reported at: http://www.openthebooks.com/ivy_league_inc/

The Feds have given about $25.7B in payments to Ivy League schools. The total sum of benefits is estimated at about $41.6B. This is reported over the timeframe 2010 - 2015.

Forty billion here, forty billion there - next thing you know, you're talking about ... well, more money to the Ivy League school than sixteen states receive annually according to the info.

Here are the sites main talking points from the site. I think they sell the actual report - didn't find a way to bring it up. 

Quote
KEY FINDINGS:

1. Ivy League payments and entitlements cost taxpayers $41.59 billion over a six-year period (FY2010-FY2015). This is equivalent to $120,000 in government monies, subsidies, & special tax treatment per undergraduate student, or $6.93 billion per year.

2. The Ivy League was the recipient of $25.73 billion worth of federal payments during this period: contracts ($1.37 billion), grants ($23.9 billion) and direct payments – student assistance ($460 million).

3. In monetary terms, the ‘government contracting’ business of the Ivy League ($25.27 billion – federal contracts and grants) exceeded their educational mission ($22 billion in student tuition) FY2010-FY2015.

4. The eight colleges of the Ivy League received more money ($4.31 billion) – on average - annually from the federal government than sixteen states: see report.

5. The Ivy League endowment funds (2015) exceeded $119 billion, which is equivalent to nearly $2 million per undergraduate student.

6. As a non-profit, educational institution, the Ivy League pays no tax on investment gains. Between FY2011-FY2015, the Ivy League schools received a $9.6 billion tax break on the $27.3 billion growth of their endowment funds. In FY2014, the tax-free subsidy on endowment gains amounted to $3.4 billion, or nearly $60,000 per student.

7. With continued gifts at present rates, the $119 billion endowment fund provides free tuition to the entire student body in perpetuity. Without new gifts, the endowment is equivalent to a full-ride scholarship for all Ivy League undergraduate students for 51-years, or until 2068.

8. In FY2014, the balance sheet for all Ivy League colleges showed $194,332,115,120 in accumulated gross assets. This is equivalent to $3.35 million per undergraduate student.

9. The Ivy League employs 47 administrators who each earn more than $1 million per year. Two executives each earned $20 million between 2010-2014. Ivy League employees earned $62 billion in compensation.

10. In a five-year period (2010-2014) the Ivy League spent $17.8 million on lobbying, which included issues mostly related to their endowment, federal contracting, immigration and student aid.

Looks like a good place to put a line through on the budget. Right after NPR gets their line.

I'm visualizing a nice tee shirt out of this ...

FED BUDGET CORRECTIONS:
NPR Funding
Ivy League College Funding
Funding to Prevent Global Warming

...

Online Solar

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Re: Support Your Ivy League Schools
« Reply #1 on: April 01, 2017, 02:34:00 PM »
Don't assume the GOP is in favor of this. They were the ones that helped the left seize the education system, helped Wall St. invest in these so-called "Schools of higher indoctrination, er education".

Trump will use it as a bargaining chip no doubt.
#WWG1WGA

Offline topside

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Re: Support Your Ivy League Schools
« Reply #2 on: April 01, 2017, 02:54:38 PM »
Don't assume the GOP is in favor of this. They were the ones that helped the left seize the education system, helped Wall St. invest in these so-called "Schools of higher indoctrination, er education".

Trump will use it as a bargaining chip no doubt.

Scary  :scared: - you read my mind. I was digging a little to try and figure out who put into the budget - RINOs, Dims? It does seem like it would be elitists - those who would shun typical educations 'cause they can afford to be in the club. That can be either party.  There doesn't seem to be much of a paper (or online) trail of how items are introduced into the budget. Searching.

Online Solar

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Re: Support Your Ivy League Schools
« Reply #3 on: April 01, 2017, 04:07:04 PM »
Scary  :scared: - you read my mind. I was digging a little to try and figure out who put into the budget - RINOs, Dims? It does seem like it would be elitists - those who would shun typical educations 'cause they can afford to be in the club. That can be either party.  There doesn't seem to be much of a paper (or online) trail of how items are introduced into the budget. Searching.
Yeah, it is scary, especially when you look at the actual Bills and the attachments weighing them down, many as big as the ACA scam that no single individual ever actually read.
Which is how they sneak this shit through, by labeling some with innocuous terms like Kansas clean corn initiative, but hidden in the Bill is lawyer speak, where they say something referring to another Bill#- - - -, stating "per Legislative decision on Bill-$^(^%#%#&*- should there be any question in the matter, SB-1234^**^$%#^ covers any and all issue governing educational funds for etc etc,"

Our Legislators are lazy, they don't want to look up the bills of reference, so they sign off knowing we have no idea what was in it either.
#WWG1WGA

Online walkstall

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Re: Support Your Ivy League Schools
« Reply #4 on: April 01, 2017, 05:48:24 PM »
Yeah, it is scary, especially when you look at the actual Bills and the attachments weighing them down, many as big as the ACA scam that no single individual ever actually read.
Which is how they sneak this shit through, by labeling some with innocuous terms like Kansas clean corn initiative, but hidden in the Bill is lawyer speak, where they say something referring to another Bill#- - - -, stating "per Legislative decision on Bill-$^(^%#%#&*- should there be any question in the matter, SB-1234^**^$%#^ covers any and all issue governing educational funds for etc etc,"

Our Legislators are lazy, they don't want to look up the bills of reference, so they sign off knowing we have no idea what was in it either.

I have no problem with them reading the bill out loud on the floor so everyone can hear it.  If it talks about some other bill for a rider, they have to stop and read it before going on with reading the bill.   This should be televised one week before being voted on.  So we the people can have a say so.  If they did this the phone lines and e-mail would be hot for a week.   
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Politics is supposed to be the second-oldest profession.  I have come to realize that it bears a very close resemblance to the first.  ~ Ronald Reagan ~

Always remember "Feelings Aren't Facts."

Offline topside

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Re: Support Your Ivy League Schools
« Reply #5 on: April 01, 2017, 06:20:17 PM »
I have no problem with them reading the bill out loud on the floor so everyone can hear it.  If it talks about some other bill for a rider, they have to stop and read it before going on with reading the bill.   This should be televised one week before being voted on.  So we the people can have a say so.  If they did this the phone lines and e-mail would be hot for a week.

Walks brings up a question that I've not thought of before. Say you have interest in a bill as it passes through congress. Is it read on the floor of the house and senate? Is that televised? And the debate on the bill - is it televised completely? Are those scheduled ahead? I've seen C-span broadcast some things but it always seems fractional - like they only show pieces. It's usually like watching paint dry as some of the congressmen go on and on (and on). But I'd like to follow at least one once just to gain the experience of the whole process to see how it might be useful on more critical bills and to examine behaviors and arguments. Thanks ahead for hints from experience on how you guys look in on things.


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Re: Support Your Ivy League Schools
« Reply #6 on: April 01, 2017, 09:01:06 PM »
Yeah, it is scary, especially when you look at the actual Bills and the attachments weighing them down, many as big as the ACA scam that no single individual ever actually read.
Which is how they sneak this shit through, by labeling some with innocuous terms like Kansas clean corn initiative, but hidden in the Bill is lawyer speak, where they say something referring to another Bill#- - - -, stating "per Legislative decision on Bill-$^(^%#%#&*- should there be any question in the matter, SB-1234^**^$%#^ covers any and all issue governing educational funds for etc etc,"

Our Legislators are lazy, they don't want to look up the bills of reference, so they sign off knowing we have no idea what was in it either.
They're called riders. What happens is a congress critter will attach a rider for a pet project or idea onto another bill, often having nothing to do with the major intent of the bill, but tacked on because they know their rider would never make it through as it's own bill. Not all riders involve spending, but the majority will, as it is the expense that makes it unlikely to pass on its own. Much of the time riders by the dozens will be attached to "must pass" bills for the very reason the bill "must pass" to keep government going. These riders can be attached in either house, as long as the original bill it is being attached to is a spending bill that originated with the House.

This is why I support the idea of line item vetoes. There are so many laws put in place, so much money spent via the rider process it is absurd. As far as I am concerned, if a law or project expense cannot be passed on its own merits, it does not deserve to be attached to another bill. Line item veto power would allow a president (or governor) to axe out riders while still signing into law the acceptable, original intent parts of a bill.

Offline topside

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Re: Support Your Ivy League Schools
« Reply #7 on: April 02, 2017, 10:14:44 AM »
They're called riders. What happens is a congress critter will attach a rider for a pet project or idea onto another bill, often having nothing to do with the major intent of the bill, but tacked on because they know their rider would never make it through as it's own bill. Not all riders involve spending, but the majority will, as it is the expense that makes it unlikely to pass on its own. Much of the time riders by the dozens will be attached to "must pass" bills for the very reason the bill "must pass" to keep government going. These riders can be attached in either house, as long as the original bill it is being attached to is a spending bill that originated with the House.

This is why I support the idea of line item vetoes. There are so many laws put in place, so much money spent via the rider process it is absurd. As far as I am concerned, if a law or project expense cannot be passed on its own merits, it does not deserve to be attached to another bill. Line item veto power would allow a president (or governor) to axe out riders while still signing into law the acceptable, original intent parts of a bill.

You'd think congress would get the pork out - the diversity of folks that don't want the pork would vet / clean up their own bills before it passed or got to POTUS. A line item veto seems so logical - wonder why it isn't available to POTUS? Say congress passes - then trump does a line-item veto, then it goes back to congress to vote on the line items - get a 2/3 majority to overcome the line item veto. A little slow but impetus for POTUS not to veto lines willy-nilly and puts a check on the pork.

Online walkstall

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Re: Support Your Ivy League Schools
« Reply #8 on: April 02, 2017, 10:24:58 AM »
You'd think congress would get the pork out - the diversity of folks that don't want the pork would vet / clean up their own bills before it passed or got to POTUS. A line item veto seems so logical - wonder why it isn't available to POTUS? Say congress passes - then trump does a line-item veto, then it goes back to congress to vote on the line items - get a 2/3 majority to overcome the line item veto. A little slow but impetus for POTUS not to veto lines willy-nilly and puts a check on the pork.

Pork is why some incumbents keep getting reelected.
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Politics is supposed to be the second-oldest profession.  I have come to realize that it bears a very close resemblance to the first.  ~ Ronald Reagan ~

Always remember "Feelings Aren't Facts."

Online Solar

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Re: Support Your Ivy League Schools
« Reply #9 on: April 02, 2017, 10:28:58 AM »
You'd think congress would get the pork out - the diversity of folks that don't want the pork would vet / clean up their own bills before it passed or got to POTUS. A line item veto seems so logical - wonder why it isn't available to POTUS? Say congress passes - then trump does a line-item veto, then it goes back to congress to vote on the line items - get a 2/3 majority to overcome the line item veto. A little slow but impetus for POTUS not to veto lines willy-nilly and puts a check on the pork.
If memory serves me, both Reagan and Clinton had line item veto power for a very short time.
Congress hated losing donor money because none of their pork was getting past POTUS.
#WWG1WGA

Online walkstall

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Re: Support Your Ivy League Schools
« Reply #10 on: April 02, 2017, 10:31:26 AM »
If memory serves me, both Reagan and Clinton had line item veto power for a very short time.
Congress hated losing donor money because none of their pork was getting past POTUS.

https://www.cagw.org/pigbook2016
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Politics is supposed to be the second-oldest profession.  I have come to realize that it bears a very close resemblance to the first.  ~ Ronald Reagan ~

Always remember "Feelings Aren't Facts."

Offline topside

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Online s3779m

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Re: Support Your Ivy League Schools
« Reply #12 on: April 02, 2017, 02:11:12 PM »
If memory serves me, both Reagan and Clinton had line item veto power for a very short time.
Congress hated losing donor money because none of their pork was getting past POTUS.
Just bill.Reagan asked for it, but congress was too chicken sh....ed to give it to him.

Online Solar

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Re: Support Your Ivy League Schools
« Reply #13 on: April 02, 2017, 05:02:48 PM »
Just bill.Reagan asked for it, but congress was too chicken sh....ed to give it to him.
That must have been what I remember, his fight over it. Thanks.
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Offline je_freedom

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Re: Support Your Ivy League Schools
« Reply #14 on: April 02, 2017, 09:20:43 PM »
Don't assume the GOP is in favor of this. They were the ones that helped the left seize the education system, helped Wall St. invest in these so-called "Schools of higher indoctrination, er education".

That's right.  The first thing W did when he became President in 2001 was
team up with Ted Kennedy to give him everything he wanted in his education bill.

Ivy League (and other) professorships are some of the cushy jobs
washed up Democrats are given
when voters finally get fed up with them and throw them out.

Extremism in the defense of liberty is no vice. And moderation in the pursuit of justice is no virtue.
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