And Chancellor Wise gets $400,000 resignation bonus per this separate A.P. story. Universities in America are out of control money sucking machines.

Comment: The parallels to the auto industry should be apparent. Remember what we heard? Unthinkable, it would destroy the brand, the disruption would be catastrophic. Well, it happened.

Comment: It’s true. CUB, which taxpayers help pay for, is also taking sides on energy issues that do not relate to its mission of helping consumers. It is advocating for the Clean Jobs Bill, which penalizes nuclear power and contains mandates on use of renewable energy.

Permitting local governments to reset the breadth of their collective bargaining is one change that would help this state’s governments address outmoded, wrong-headed and unsustainable costs. It would help them — help all of us — out of crisis.

One highlight: Public pension obligations are now 29% of our GDP!

Great summary of the a key reason why our property taxes are out of control.