Letter: Cuts will cost more in long run

False savings: an action that saves money in the short run, but leads to greater costs or lost income in the long run.

Example: The Iowa Legislature saving $700,000 per year by cutting off funding for the Center for Global and Regional Environmental Research at the University of Iowa, an organization that brought in $21 million in grants from outside Iowa last year.

See also: penny wise, pound-foolish; unintended consequences; bad idea.

John Solow

Iowa City

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