I doubt this is a canary in the coal mine, because it feels too inevitable for that.
More to come.
By the way, and I almost hate to be the one to say it, but I suspect there is a lesson to be learned here by college athletes about how vulnerable the structure of college athletics is to serious financial disruption. Like a player strike, for example. Just sayin’.
Get The Picture 
In case you haven’t noticed, the structure of pretty much every business and industry in America is vulnerable to serious financial disruption when the government forces them to shut down…
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Correct, almost no business or family can survive long on zero revenue.
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I get your point but it is overstated, there are many who have put away savings to protect against a rainy day, or many of them.
But you definitely have the majority on your side. The horrendous numbers of how many households cannot come up with even one thousand dollars for an emergency, or the estimated $13T in corporate debt, or similar number in private debt, one state having over $1.5T in debt, etc. etc. The generation before mine learned the value of saving to protect themselves against what can happen when a horrendous event brings chaos and tough times. Unfortunately, the Boomers, and all who came after it disregarded their wisdom and have thrown caution to the wind. I fear we may see a very sad ending to the good times as a result of the mass foolishness I have witnessed most of my life.
As someone who believes actions have consequences, some part of me feels this really needs to happen; but then I see my innocent 3 year old grandchild who might never have those same opportunities and it pisses me off.
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Sorry, meant to add: who didn’t think when contracts reached to 10 years out and approached 8 digits that many would find themselves over extended. Just had to happen.
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My daughter took the long way around, but is to graduate from Columbus State this semester. She wrangled a substitute teaching gig and a provisional as a Special Ed Teacher while earning her certificate next year. She pays her own bills by tending bar. All that is on hold until further notice. To see her work so hard, overcome so many early mistakes, and be so close to stepping into a real career only to have it all shut down helplessly for her is heartbreaking for both of us and “pissed off” doesn’t begin to describe it. There is a large segment of our population and economy that has just been hamstrung. I hope in my soul that the sacrifices some are making are truly good for the many.
Mac, my daughter hasn’t had time to build any kind of buffer. She’s fierce and independent and stuck in limbo. She’s not the only one. I sincerely hope that our leadership isn’t as dumb as they look right now. And I hope this ends sooner rather than later.
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And CFB be damned. There’s a lot more at stake here.
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I never have felt differently. I will miss it more than anyone here should it go away, but I have long felt something could take all the fun stuff way. And you bet your ass that is much more serious than any game.
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Your daughter sounds great, I hope it works out for her. Absolutely there are some caught before they ever got life going. Those aren’t the ones who have been sitting on their butts and living beyond their means for decades that I was referring to. And there are some “leaders” who aren’t rowing in the some direction as those who want us to get out of this mess, and that is pathetic.
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University presidents are finding out how overpaid those PE teachers really are.
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Don’t stop at the athletic department, start at the top (pres./board/professors and the like, stopping at the front line employees who maintain facilities, let that staff remain at current pay levels plus some
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+1 And a hell of a lot more deadwood and money wasted outside the athletic department, although there is no denying the waste at BM.
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Usually this type of administrative ‘adjustment’ comes with offering a ‘family dental plan’ and ‘eyeglass insurance’ to soften the blow. Like taking a multivitamin and expecting a hangover to instantly disappear.
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