The University of Illinois and the state's other major academic institutions must do a better job partnering with business and political leaders to bring more research funding to the state, U. of I. board Chairman Christopher Kennedy urged Tuesday.
Kennedy, in a speech to the City Club of Chicago, argued that garnering more research grants –- which would then lead to new ideas, new companies and new jobs — would fuel a "job-creation machine" needed in the economically troubled state.
U. of I. currently brings in about $800 million annually in research funds, including about $250 million to UIC.
Question: How many jobs did this create?
Question: Where did the money ($800 million) come from? Taxpayers?
Question: How much in taxes did University of Illinois pay on the money it received? Nothing?
Fact: There are over 2500 Universities and Colleges in the United States. If only 10 received what U of I received that would be $8 billion in research grants. If only 100 received what U of I received that would be $80 billion in research grants. If only 1000 received what U of I received that would be $800 billion in research grants.
Fact: There is so much wasted taxpayer money going into Higher Education, the Federal and State Governments know about the fraud and waste and refuse to investigate or prosecute.
Fact: With Universities getting this much taxpayer money, why is there tuition at all, much less tuition that rises at a rate many times the rate of inflation?