The Hatchet’s Editorial Board questions GW’s lack of fiscal restraint in the current economy:
When the Titanic departed England, it was determined to arrive in New York City early. Despite warnings about icebergs, the ship was ordered to proceed “full speed ahead.” Well, we all know how that story ends.
The current economic crisis has universities throughout the country donning their life vests – or at least checking their lifeboats – but for GW it is still full speed ahead. While colleges nationwide are cutting costs, freezing tuition, nixing new building projects and taking pay cuts, GW is signing off on several new multi-million dollar projects. If so many other schools are heeding the iceberg warning, what makes us think we’re unsinkable, especially after our 20 percent endowment loss?”
Read the full editorial here.