New Financial Crisis in California
Officials and lawmakers face drastic pay cuts as a result of our most populous state's budget crisis, but the financial crisis facing the state's famed university system is even more profound. How do you think families will cope with a sudden increase of 32% in tuition at the University of California?
That's thought to be the largest increase at any state university system in modern times.
That 32% hike amounts to an additional $2,500.00 per year.
One estimate by the Los Angeles Times is that:
"After two increases by next fall, basic UC undergraduate fees will cost $10,302 a year, plus about $1,000 in extra campus charges. Room, board and books can add another $16,000."
But they quote the university's President Mark Yudof as saying that Californians should "know that plenty of financial aid is available. 'If people sit around the dining room table and say we can't afford the University of California, then we are in trouble,' he said."
Meanwhile, California's Attorney General Jerry Brown issued an opinion saying that salaries of lawmakers and state officials could be reduced.
"A spokeswoman for the state controller's office, which was scrambling to make sure the necessary technical switch could be done in time, said it planned to reduce lawmakers' base salary from $116,208 to $95,291 as of Dec.7."
How far do you think the Golden State's financial crisis is likely to reach? How seriously do you think it's likely to impact the average Californian?
CNN: Students arrested after 32% tuition hike sparks protests
AP: University of Calif. approves big fee hikes
"Our hand has been forced," UC President Mark Yudof told reporters after the vote. "When you don't have any money, you don't have any money."
Board members said the 229,000-student system had been whipsawed by years of state budget cuts, leaving no option other than turning to students' wallets. Yudof has said the 10-campus system needs a $913 million increase in state funding next year, in addition to higher student fees....
New York Times:
Taking Time Off: An Option for California University Students
And the Times observed that:
...One possibility worth considering is taking a semester or more off from school, as my colleague Jonathan Glater noted in an article several months ago. Here are four reasons that it might be a good idea....
Do you think that's a viable option for most students...or do you think such a delay is likely to wreak havoc on their plans for the future?
Friday morning's La Opinión opines that it's: A Blow to Students
...We have repeatedly stressed the importance of clear priorities in times of crisis. The situation now confronting students and the long-term effect it will have on the state are a condemnation of Sacramento’s budget policy.
Hi John:
Does anyone really believe for a nano second that California legislators will vote themselves a pay reduction? :-)
Hi Monty,
<<Does anyone really believe for a nano second that California legislators will vote themselves a pay reduction? :-) >>
If this is a joke it's not funny, i know there is a smile there, but it's not. What it is; IS REALITY has finally surfaced, the air heads in Sacramento didn't and don't know what to do.
The "Golden State" as we knew it is no more. After making sure “Californians" wallets are empty; now they are asking us to give our pants and keep theirs.
In CA; with highest in the nation home foreclosures, mortgage defaults, bankruptcies, business losses, 12% unemployment, and high illegal influx. The question to ask is "Will the people be able, and for how long support the mad, mad spending"
Best Regards, happy Thanksgiving
In CA; with highest in the nation home foreclosures, mortgage defaults, bankruptcies, business losses, 12% unemployment, and high illegal influx.The question to ask is "Will the people be able, and for how long support the mad, mad spending"
They have supported the mad spending for some thirty plus years already. Why are they surprised that they must now pay? Why are they surprised after raising taxes so high that it is difficult if not impossible to raise them higher? Why are they surprised that they have insufficient funds for infrastructure? Why are they surprised that they have to tighten the belt?
To Prostitutehouse! The varoius caps on taxes are a reaction to runaway legislators from the FARLEFT who, like their brethren in Washington, believe in tax and spend, while screaming about the filthy rich. Strangely these people are supported by the FILTHY RICH far left Hollywood crowd, who use loopholes in the tax laws to avoid paying taxes.
California, thanks to decisions from FAR LEFT judges, teaches in 10 different languages in their schools.They should be teaching English as a FIRST LANGUAGE, so all students can learn and compete on a level playing field,. Instead of teaching people to read, write and speak English, which just happens to be the language of this country, radical judges have ordered the State to teach students in their native language.
I'm sure that makes sense to you and your fellows. They GIVE free schooling, medical care, unemployment benefits and welfare to ILLEGAL immigrants who DON"T PAY TAXES. Instead they get paid in cash while collecting benefits citizens don't seem to be entitled to receive.
No one has even suggested that the Universitiesopen their books so we, the taxpayers, can see just how many billions they have squirreled away for their own personal benefit.
You're like the clown in Church who Farts with a thunderous blast during the sermon, then points at the person next tio him! As Herr Goebbels said many years ago, and you apparently follow his advice. "If you repeat a lie often enough and loud enough people will eventually believe it". You haven't sold it to the majority of American Citizens, but of course you'll cntinue pointing the finger.
Thanks for your comments, including:
This State's financial crisis is really serious; California is no longer the Golden State; it should be described as the Broken State....
Hasn't much of this crisis been ongoing since at least the beginning of Governor Schwarzenegger's first partial term in office (when he succeeded the impeached Democrat who had previously held the post)?
Why or how is it that it's taken so many years for Californians to "wake up" to their financial or fiscal crisis?
Very best wishes,
- John
>> Why or how is it that it's taken so many years for Californians to "wake up" to their financial or fiscal crisis? <<
John,
Have you ever known a person to willingly wake up from a pleasant dream??
Cheers . . .
Bruce from Central New Jersey