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* New Financial Crisis in California

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#1 of 22

     Posted Nov-20 12:52 AM   
John Linendoll
 
From  John Linendoll  Posts 10269  Last 5:18 AM
To  All      [Msg # 226405.1 ]    

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

 


Edited Nov-20   by  John Linendoll
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#2 of 22

     Posted Nov-20 12:57 AM   
John Linendoll
 
From  John Linendoll  Posts 10269  Last 5:18 AM
To  All      [Msg # 226405.2 Message 226405.2 replying to 226405.1 226405.1 ]    

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....

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#3 of 22

     Posted Nov-20 10:40 AM   
John Linendoll
 
From  John Linendoll  Posts 10269  Last 5:18 AM
To  All      [Msg # 226405.3 Message 226405.3 replying to 226405.2 226405.2 ]    

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?

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#4 of 22

     Posted Nov-20 10:47 AM   
John Linendoll
 
From  John Linendoll  Posts 10269  Last 5:18 AM
To  All      [Msg # 226405.4 Message 226405.4 replying to 226405.3 226405.3 ]    

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.

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#5 of 22

     Posted Nov-20 4:36 PM   
cleosdaughter
 
From  cleosdaughter  Posts 82  Last Feb-5
To  All      [Msg # 226405.5 Message 226405.5 replying to 226405.4 226405.4 ]    
As I said yesterday in the post on California facing financial
bankruptcy, the UC system is pricing students out of a college
education! 32%??? GMAB!! The UC Regents don't have a problem giving
themselves hefty raises on the one hand, while stabbing students in
the back w/these outrageous fee increases; no wonder our students are
now at the bottom of the barrel in education; this state's priorities
are all about keeping inept politicians in office, not about serving
the needs of the state. Parents should be livid at this recent slap
in the face, in light of the many struggling families in California,
just trying to stay afloat! The indignities just keep piling up in this
tarnished state...
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#6 of 22

     Posted Nov-21 11:18 PM   
MontyKelley (SL)
 
From  MontyKelley (SL)  Posts 21784  Last 10:35 AM
To  John Linendoll      [Msg # 226405.6 Message 226405.6 replying to 226405.1 226405.1 ]    

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."

 

Hi John:

Does anyone really believe for a nano second that California legislators will vote themselves a pay reduction?     :-)

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#7 of 22

     Posted Nov-21 11:20 PM   
MontyKelley (SL)
 
From  MontyKelley (SL)  Posts 21784  Last 10:35 AM
To  John Linendoll      [Msg # 226405.7 Message 226405.7 replying to 226405.3 226405.3 ]    
Unspoken in the increase in tuition costs is the fact that it will have a much greater impact on minorities who traditionally have an extra hurdle to leap in order to pursue higher education goals.
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#8 of 22

     Posted Nov-22 12:29 PM   
realrio
 
From  realrio  Posts 119  Last Jan-16
To  cleosdaughter      [Msg # 226405.8 Message 226405.8 replying to 226405.5 226405.5 ]    
Hi Cloesdaughter: Does it surprise you? Californians elected a man who is proud of his Nazi family history, for governor. If you get a chance, do a search on a book called "The Diliberate Dumbing Down of America". It has allot of disturbing facts to what has happened to our educational system. I can't recall the author right now, but I think you can find it with the title of the book. This type of act would make it difficult for any one who is poor to have a collage education. That means only the rich could afford collage and get the high paying jobs that we all should have a right to. Like the right to have a higher education. RIO in NC
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#9 of 22

     Posted Nov-23 4:26 AM   
dcmeyers2
 
From  dcmeyers2  Posts 27  Last Dec-12
To  John Linendoll      [Msg # 226405.9 Message 226405.9 replying to 226405.1 226405.1 ]    
This State's financial crisis is really serious; California is no longer the Golden State; it should be described as the Broken State. The State is much more than Malibu, Hollywood, and San Francisco and Los Angeles. The State has a large number of poor folks, the unemployment rate is 12.3% in Los Angeles County, home of over 10,000,000 people. The two counties to the east of L.A. have unemployment rates of 14-15%. The State is plagued by high unemployment, crowded,poorly maintained, freeways and roads, thousands of foreclosed properties,crime, ( gangs,drugs),large prison population, high state income, and sales taxes, poor performing public schools and a non-functioning State and Local government. Anybody who believes the hype or fiction of the L.A or OC lifestyle perpetuated by the national media is not being realistic. The State is home to many wealthy people and some of the most expensive homes in the country and the weather is still wonderful. The tuition at the University of California the premier public university system on the West Coast was three thousand dollars a semester just 3 years ago. Their is absolutely no reason for a 32% increase in a three year period. The Chancellor and Regents should be ashamed; Instead of raising the tuition by such a ridiculous amount they should cut some of the sports programs,and other activities; and their salaries. Most of their are more than the Gov of the State; and they do a very poor job of managing the finances of the U.C system. The top students will just go to private or other public universities that will offer financial aid and schlarships. Reducing the salaries of the top State officials who are really underpaid will do nothing to solve the State's financial problems. That will only discourage persons of average financial means from running for political office. One of the problems with the State budget is that the K-12 schools are mandated to receive about 45% of the funds. Many school districts ( Los Angeles ) also receive local bond money, and money from the State lottery. However many of the public schools have many students who typically score low on standard acheivement tests. We need new leaders who are willing to solve the State's budget problems; even if it requires resorting to solutions that are not popular with the public. The budget problem will eventually cause the State to become either insolvent or bankrupt. Maybe a Federal Court , should take it over, since the folks in Sacramento, and the Local politicians, and unable, unwilling to do so.
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#10 of 22

     Posted Nov-23 11:04 AM   
vtogaro
 
From  vtogaro  Posts 110  Last 11:01 AM
To  MontyKelley (SL)      [Msg # 226405.10 Message 226405.10 replying to 226405.6 226405.6 ]    

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

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#11 of 22

     Posted Nov-23 3:21 PM   
-luvbrothel-
 
From  -luvbrothel-  Posts 5096  Last 12:04 AM
To  All      [Msg # 226405.11 Message 226405.11 replying to 226405.10 226405.10 ]    
California is the epitome of conservative politics:  Capped property taxes, 2/3 votes needed to raise taxes, redrawn districts which prevent any kind of consensus, and a freewheeling system of ballot initiatives that give the wealthy too much power to assert their will by bypassing the Legislature.  California now relies on over 55% of its revenue to come from personal income, whereas most states rely on 1/3.  It's too easy to just say California spends too much on everything.  That's hardly the case.  A mass populous requires more services, but with its utter lack of ability to adjust costs via the Legislature, services are severely under-funded, and the wealthy use ballot initiatives to keep it that way.  When unemployment goes up in a state relying mostly on personal income tax, revenues plummet, and here we are.

There is a glimmer of hope in the near future.  Redistricting is around the bend, and those minority enclaves of conservative know nothings, who hold the state hostage, will be broken up so we'll have more of a majority representation in government.  But there's still another good 2 years of hardships in this state.



'Slower Traffic - Keep RIGHT'.

Edited Nov-23   by  -luvbrothel-
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#12 of 22

     Posted Nov-23 8:12 PM   
MontyKelley (SL)
 
From  MontyKelley (SL)  Posts 21784  Last 10:35 AM
To  vtogaro      [Msg # 226405.12 Message 226405.12 replying to 226405.10 226405.10 ]    

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?

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#13 of 22

     Posted Nov-24 11:20 AM   
wrs
 
From  wrs  Posts 481  Last Feb-7
To  -luvbrothel-      [Msg # 226405.13 Message 226405.13 replying to 226405.11 226405.11 ]    

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.

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#14 of 22

     Posted Nov-24 11:35 AM   
sbolert
 
From  sbolert  Posts 14568  Last 1:48 PM
To  -luvbrothel-      [Msg # 226405.14 Message 226405.14 replying to 226405.11 226405.11 ]    
California is the epitome of conservative politics:  Capped property taxes<<<

Proposition 13 (officially titled the People's Initiative to Limit Property Taxation) was an amendment of the Constitution of California enacted in 1978, by means of the initiative process. It was approved by voters on June 6, 1978.  Democrat Jerry Brown Jr. was the governor.


Sam
 



Edited Nov-24   by  sbolert
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#15 of 22

     Posted Nov-24 2:46 PM   
-luvbrothel-
 
From  -luvbrothel-  Posts 5096  Last 12:04 AM
To  sbolert      [Msg # 226405.15 Message 226405.15 replying to 226405.14 226405.14 ]    
-Proposition 13 (officially titled the People's Initiative to Limit Property Taxation) was an amendment of the Constitution of California enacted in 1978, by means of the initiative process. It was approved by voters on June 6, 1978.  Democrat Jerry Brown Jr. was the governor.-

It wouldn't of mattered who was governor.  The screwy thing with California is that the wealthy are able to totally screw over the population by bypassing the Legislature, via initiatives.  Prop 13 was the brainchild of two extremely conservative bafoons (Jarvis/Gann) who also managed to slip in the requirement for 2/3 votes for tax increases.  TAX CUTS REDUCE REVENUE.  Prop 13 slashed property tax over 57%.  Look at the state now.  Not enough revenue coming in because most of the burden was switched to the common worker, and if there's a spike in unemployment, tax revenue decreases further.

Conservatism screwed California royally.  Its the shining example of why it should be banned from government altogether.


'Slower Traffic - Keep RIGHT'.
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#16 of 22

     Posted Nov-24 4:00 PM   
sbolert
 
From  sbolert  Posts 14568  Last 1:48 PM
To  -luvbrothel-      [Msg # 226405.16 Message 226405.16 replying to 226405.15 226405.15 ]    
Conservatism screwed California royally.  Its the shining example of why it should be banned from government altogether.<<<

Liberal states are in the worst shape. Conservative states, like Texas, are in pretty good financial shape.

I think we need to become a lot more conservative for this country to survive.


Sam




Edited Nov-24   by  sbolert

Edited Nov-24   by  sbolert
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#17 of 22

     Posted Nov-24 5:18 PM   
res946
 
From  res946  Posts 82  Last Jan-21
To  John Linendoll      [Msg # 226405.17 Message 226405.17 replying to 226405.1 226405.1 ]    
Would tell my kid, "Sorry, no college until you can get out there,
and work for it; as well as apply for any possible financial help".
Too, these kids don't need to attend, so called, Ivy League schools.
I attended a community college, and did all right, and the price
was right too.
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#18 of 22

     Posted Nov-24 5:26 PM   
travers1962
 
From  travers1962  Posts 703  Last Feb-4
To  sbolert      [Msg # 226405.18 Message 226405.18 replying to 226405.16 226405.16 ]    
I don't think 10k a year for tuition sounds all that unreasonable.  Especially considering the quality of the Cali schools.  Californians do not seem to understand that things cost money!  If you want your schools to teach kids in their ten different native languages....its gonna cost money(and screw the kids over in life). If you want to pay police 150k a year......its gonna cost.  If you sharply restrict new residential construction...housing is gonna spike. And if you attempt to stick it to your businesses through high taxes......they're gonna move.  Californias liberal elite  don't care, they live in gated communities with private security, in housing that already exists.  Their kids go to private schools.
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#19 of 22

     Posted Nov-25 10:31 AM   
John Linendoll
 
From  John Linendoll  Posts 10269  Last 5:18 AM
To  dcmeyers2      [Msg # 226405.19 Message 226405.19 replying to 226405.9 226405.9 ]    

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

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#20 of 22

     Posted Nov-25 2:45 PM   
Bruce Fredericks [NEWS]
 
From  Bruce Fredericks [NEWS]  Posts 571  Last Feb-8
To  John Linendoll      [Msg # 226405.20 Message 226405.20 replying to 226405.19 226405.19 ]    (Unread)

>> 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

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* New Financial Crisis in California

  
 
     

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