Submitted by Novanglus (not verified) on February 10, 2009 - 11:21am.
I am outraged that Congress and the President are considering sending taxpayer bailout dollars to private colleges and universities for "shovel-ready" projects. So many private institutions have endowments, in many cases enormous ones, and already have special tax-exempt status already. Why should the public be paying even more to subsidize them? If we are going to use taxpayer bailout funds for higher education let's spend it at public institutions.
Bailout
I am outraged that Congress and the President are considering sending taxpayer bailout dollars to private colleges and universities for "shovel-ready" projects. So many private institutions have endowments, in many cases enormous ones, and already have special tax-exempt status already. Why should the public be paying even more to subsidize them? If we are going to use taxpayer bailout funds for higher education let's spend it at public institutions.