Earlier this month S.C. State University reported it was running a $4.4 million deficit – out of a $146 million budget. Not only that the chronically mismanaged school says it needs a total of $13 million to pay off all of its outstanding bills (including previous years’ deficits).

Unbelievable …

This historically black institution has had financial problems for years, yet lawmakers continue to bail it out using taxpayer funds (while subsidizing its boondoggles … and funding its questionable bureaucratic hires).

What a joke …

We’ve said it before and we’ll say it again … South Carolina’s entire system of higher education needs to be totally privatized (same thing goes for higher ed across the country).  It’s time for S.C. State University – and the other thirty-two government-run institutions of “higher learning” in the Palmetto State – to sink or swim based on their ability to prepare students for life in the 21st century.

No more bailouts for incompetent bureaucrats!