Tell us what is right with this picture. Ledger columnist Mark Di Ionno writes that the Corzine budget may cut arts funding 100% in many cases — but then there is the case of Rutgers football, a money-losing enterprise that aspires to mediocrity and for it the checks are blank and John Q citizen is simply forced to sign. Rutgers football loses upwards of $3 million every year and there is no end in sight. Even President McCormick admits the likelihood of football turning a profit is slim to none: “We’re not doing this to make money,” McCormick told the Bergen Record.
Even if the reckless, cockamamie stadium expansion manages to happen, that won’t change a thing. Every dime brought in by the new seats would be needed to pay off the bonds sold to finance the project.
And then there are arts. Last year, New Jersey awarded some $25 million to various arts groups and to fund municipal arts projects. This is not money that is wasted. $2 billion in economic activity resulted, per Di Ionno.
That all looks to end in Corzine’s austerity budget.
What economic good comes from Rutgers football? Certainly it benefits Coach Schiano — now New Jersey’s highest paid public employee, on the basis of a lifetime losing record. But who else is coming out a winner?
Not Rutgers students who, this fall, will see more classes cut and more teachers fired as Rutgers digests yet more cuts to academic budgets.
But still the money gushes on football.
And so we wonder: what is right with this picture?