Proposed increase in Califoria State Tuition

Today Gov. Brown proposed that California community college fees, among the lowest in the nation, would increase to $36 per unit from $26.

He is also proposing a combined $1 billion cut to the University of California and California State University systems.

So if you live in CA sign up now for Spring 2011 courses.

 

For the life of me, I can't understand how California could be going broke...(do I really need to bother with an emoticon for that?)

 

Another bailout request on the horizon… BUT WAIT!

From The Wall Street Journal:

“What [...] investors fail to appreciate is that state bailouts have already begun. Over 20% of California’s debt issuance during 2009 and over 30% of its debt issuance in 2010 to date has been subsidized by the federal government in a program known as Build America Bonds. Under the program, the U.S. Treasury covers 35% of the interest paid by the bonds. Arguably, without this program the interest cost of bonds for some states would have reached prohibitive levels. California is not alone: Over 30%of Illinois’s debt and over 40% of Nevada’s debt issued since 2009 has also been subsidized with these bonds. These states might have already reached some type of tipping point had the federal program not been in place…"

re Largest 15 US States are Spending Over 220% of Their Tax Revenue

 

This question probably belongs in the Political thread but check out the video in post number 1 in this thread
http://www.degreeinfo.com/political-discussions/36842-state-budgets-day-reconing.html

The Federal govt, many state govts, and many local governments are in a sad financial shape (not to mention many foreign governments).