Time for CSU's to Get Their Act Together

Everyone knows that the economy of the state of California is one of the largest economies in the entire world. Everyone also knows that the California's economy, and more largely that of the United States, is very close to its lowest point ever. Part of this economic failure is due to bad practices, and some of it is simply due to bad luck. The bad practices probably have more weight for you if you're not into the whole "luck" thing (which I can understand because I am not very into it either), but regardless, California is in a hole, and needs to change those bad practices into good ones. The California State University system  is in shady territory currently because of a "commingling of public and private funds," as Nanette Asimov states in her San Francisco Chronicle article entitled "CSU audit suggests better accounting on foundations." Asimov also explains that:

California State University should fix sloppy accounting practices that have led to confusion about which funds are public or private, says a new internal review of the $1.2 billion managed by more than 90 campus foundations and private enterprises on CSU property.

To be completely honest, parts of this article are entirely over my head, yet I can understand the gist of it, and I understand that the CSU's should not be so careless with their accounting. Dealing with cuts in their budget should be the main issue that they are dealing with, they shouldn't be dealing with their own "sloppy accounting practices." This misstep exemplifies the laziness and carelessness that America has exhibited lately, which is possibly one of the bigger contributors to its economic failures.