As Aaron pointed out in the Morning Roundup, Mayor Vince Gray was honored by George Washington University yesterday for his role in integrating the school’s fraternity system and playing on an intramural basketball team that was more exciting to watch than the university’s varsity squad. (And he was quite the looker at the time, to boot.) The Post article also notes that Gray served two terms as president of his fraternity, during which he struggled, but eventually succeeded in pulling the chapter out of debt. And how did he do so? “[Gray] eventually balanced the books by cutting meal service and raising dues,” claims the report. Well, a fraternity is surely a smaller operation than a city, but let’s just say that it’s good to know that Gray has some experience with balancing budgets — he’ll surely need it come 2012, when the District will be staring down a deficit estimated to hit $500 million. And given that the recent budget deliberations saw spending cuts, it seems appropriate and historically consistent that tax hikes will be next, right?