Again please read my post carefully. There is a valid critique of overhead rates, but simply doing it suddenly in this manner has little added economic benefit in the long run, while ruining lives and creating waste/chaos in the short run.
You can make a strong argument these institutions require reform, but such reform should be done not overnight, and not through such broad strokes.
You can make a strong argument these institutions require reform, but such reform should be done not overnight, and not through such broad strokes.