Highs and Loes
Kucks and books
For many years I’ve wondered whether Billy Loes or Johnny Kucks was the stupidest man in professional baseball, and now it turns out that all along it was I. [fn 1]
I thought that if an institution said that it would “reduce its operating budget” it would mean that in a future fiscal period total expenditures would be less than they were in a previous fiscal period.
How stupid could I be?
When an institution says that it will “reduce its operating budget” it actually means that the institution has “a target on a subset” of its “overall institutional budget plan.” [fn 2]
Of course, how could anything be more obvious?
For many years I’ve wondered whether Billy Loes or Johnny Kucks was the stupidest man in professional baseball, and now it turns out that all along it was I. [fn 1]
I thought that if an institution said that it would “reduce its operating budget” it would mean that in a future fiscal period total expenditures would be less than they were in a previous fiscal period.
How stupid could I be?
When an institution says that it will “reduce its operating budget” it actually means that the institution has “a target on a subset” of its “overall institutional budget plan.” [fn 2]
Of course, how could anything be more obvious?
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[1] I would like to thank Princeton for the “I” at the end of that sentence, but the credit actually goes to my mother.
[2] A quotation from the long-awaited answer to my letter to Princeton’s financial triumvirate (see “Anyone in there?”, 7-3-10 post).
