As the state does its part, one better way to reduce government spending would be to turn to Ford, General Motors and Fiat-Chrysler, recipients of public taxpayer dollars.
Local governments were already carrying pension debt before recent market declines. Now they will struggle to pay for losses their plans have incurred during the coronavirus pandemic.
Maybe the state Legislature shouldn’t be debating how much money to give Michigan’s public universities, but how little. It’s time for taxpayer-supported colleges to get serious about financial restraint.
One way to find out would be to put these economic-development handouts to a vote. San Diego said no to a new stadium, but Detroiters didn’t get a voice on theirs.
Skyrocketing tuition can only be flattened by a massive state-aid injection, these analysts say. And Michigan has better things to do with that kind of money.
