University of Nebraska President Ted Carter Jr. said the University is at a pivotal moment. He told NU Board of Regents during a special meeting the University is facing a $80 million shortfall over the next two years. "The long-term budget and operating model, from where I sit right now, is unsustainable," Carter said. It was a tough talk from NU's top gun. "I don't want to keep playing defense worrying about budget cuts," Carter said.