What do you do when someone tries to impose needless costs on your business operation without any corresponding benefits? You resist.
That is why University of Missouri system President Gary Forsee, who as a former Sprint CEO knows how to read a balance sheet, has come out against congressional Democrats’ budget-busting climate bill. The cap-and-trade bill will never usher in the imaginary Green Jobs Revolution promised by President Obama. But it will certainly impose needless costs, both front-loaded and long-term, on the state’s taxpayers and college students, to say nothing.
“As currently written, we have grave concerns and oppose this legislation for the detrimental impact it will have on the University of Missouri system,” Forsee wrote in a recent letter to Missouri’s congressional delegation. The St. Louis Post-Dispatch reports his estimate that cap-and-trade will cost his universities $5 million to $8 million up-front, and then an additional $2 million per year in the long run.
