The profit argument is so dumb, and just goes to show how delusional your average 'tater really is. Let's say Person A makes $1 million/yr, while person B makes $40,000/yr. Person A spends $990,000 on a new Ferrari and a new yacht, while Person B lives like a monk and puts half of his income into an IRA. Well, Person B would have a higher profit ($20,000) than Person A ($10,000), but that wouldn't mean that Person B is better off financially. It just means that Person B doesn't spend as much (or make as much). It's the same with KU and K-State. KU makes a crap ton more money than K-State, and spends a crap ton more money than K-State. Every single one of you would rather make $98 million/yr instead of $73 million/yr. Quit being so damn disingenuous. Sheesh.
That's an awful rebuttal in many ways. Here are a few.
1. If we had the same revenue as KU's AD, we'd profit
at least twice what your fiscally incompetent AD does. We do more with less and that's not a blemish, it's impressive.
2. Your hypothetical is so hyperbolic that it takes away from the already-weak point you were attempting to make. In your scenario you described two individuals - one earning 25x more than the other. In reality, KU generates approx. 30% more revenue than KSU. If we were the school with the decrepid facilities, I would admit that your stance holds some water...but that's not the case here.
3. Finally, I've noticed that you always love making it about the debt. The fact is that debt, especially for a highly credit-worthy public institution, is incredibly cheap right now. While our donations and revenues are at all-time high levels, we're investing those funds via instruments that generate returns significantly higher than the school/AD's cost of capital. For instance, a large-cap index fund would have generated approximately 18% over each of the past two years while our cost of funds is likely close to 2%. You're probably right though...we shouldn't be preserving liquidity when we could blow all our cash just for the sake of making our balance sheet look "better" to financial simpletons like yourself and your squawk cohorts. Please read a rough ridin' book. I like the increased activity the board sometimes has while you're poking and prodding with your trolling (read: blatant ignorance), but my goodness you're an idiot. I don't keep up with the personalities/stories of posters but if I recall correctly you're having a tough time finding your way in life. T's and P's...but I'm not the least bit surprised.
Oh, and screw you, you welcher!
