Friday, January 23, 2009

The Expectations Game

As I wrote my last post, its dawned on me the game that Graham may be playing with all his happy talk about Penn State's financial situation: the expectations game.

Graham, as well as anyone who's been paying attention, realizes that Penn State's appropriation is going to take a hit in next year's Commonwealth  budget. Trying to convince Rendell and the General Assembly that Penn State needs more money would be futile. Hence Graham has the luxuary of portraying the University's finances as strong in anticipation of a collapse in the next fiscal year which he can then blame on Rendell and the General Assembly. No he'll say, we were in great shape relatively speaking and I didn't think layoffs would be needed, but the State didn't come through.

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