Not that it would ever happen in a million years, but can you imagine the tight-lipped fury emanating from Butts-Mehre if a Georgia legislator proposed something like this?
Don’t even think about messing with that reserve fund, peeps.
Filed under Political Wankery
it’s not like the schools aren’t using that money for things until september 1st. it’s like any other seasonal business. lots of money coming in around the same time, just affects when you pay certain bills and budget for the rest of the year.
should these schools just wait until mid-july to get these payments in so they can meet the subjective 6 week window this guy proposes? want to hear grumblings about when seats will be awarded? who’s getting florida tix? parking? that’s a pretty short window.
The sphincter-tightening would be palpable…
The politician thinks the money isn’t already in an interest bearing account? It is to laugh.
This is exactly why politics is a farce. Stupid people believing they can solve the world’s problems by spending your money better than you can.
OPM, politicians want to get their grimy hands on it.
I’m with Russ. I don’t hate this idea. I know the Athens food bank already works with UGA on a lot of projects, including food drives for G-Day game. Seems like a win-win to me.
Well it certainly will create some jobs. Someone will have to manage that. 😉 I’ve served on the board for a local non-profit that manages mobile food pantries. Buy a tractor trailer load of food from food pantry and distribute it at a local elementary school kind of thing. It is a good idea and involves a lot of community minded people contributing their time and effort. More citizen involvement and less government. The biggest concern I have is getting it to the people that need it most. The sign up sheets are pretty direct about who qualifies but nobody is checking. Honesty policy. Some of the folks driving up in 25 thousand dollar cars gave me pause. I think seniors and shut ins are struggling and transport is tough for them.
Household Size Monthly Income Weekly Income
1 $1,180 $272
2 $1,594 $368
3 $2,008 $463
4 $2,422 $559
5 $2,836 $654
6 $3,249 $750
7 $3,663 $845
8 $4,007 $941
9+ add $414 add $96
Oh… and I really wanted to puke over the Cutcliff comment about nobody getting rich.
The powerful people who make a lot of money managing our reserve fund (and no, I’m not talking about puppet McGarity) are not happy about this can of worms being opened.
heh…the only can involved will be the can of whup-ass opened up on any DOA proposed legislation like this
Why can’t the government just leave everybody the hell alone?
Why does the school yard bully collect lunch money from the weaker kids? Because he can.
No body evah took my lunch money. In fact, I never have paid for my lunch. Ain’t dat the truth…Tim.
Now, That’s a great idea.
Why can’t we all just get along? I will tell you why! This world if full of greedy, prideful people. Greed will take you down and pride will too. One of two is enough to end you.
I hope nobody is surprised at this…politicians? Money?…
I found out yesterday the National Football League (the league office) is a nonprofit. …makes Cutcliffe seem like very small potatoes, indeed. I hate the thought I might agree with…ah…you know, those people… about anything, but that NFL thing is true bullshit…
As the economy contracts, everybody is going to be looking at where the money is going, and how it is used.
What’s wrong with that?
Not a damn thing!
If the concept is good enough for attorneys all across the nation (IOLTA accounts), why not athletic departments?
Because the only people working pro bono are the student-athletes?
I know you’re trying to be witty, but…
IOLTA accounts take the otherwise-negligible interest attorneys would earn for money temporarily held in trust (think holding funds for a real estate closing for a few days) and sends it off to the state, where the state directs the funds toward legal assistance for the poor, among other things.
While feeding the hungry is not as directly-related to Athletic Department activities, it is in a similar charitable vein.
True, but that money isn’t the lawyer’s to use, it’s their client’s. In this case it IS the university’s money and they have a right to earn interest on it unlike the lawyers. .
Georgia ranks “among the nation’s best in the bottom line,” McGarity told the board. — AB-H, 2/12/20
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