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Yachtie -> Leftist methodology? (11/16/2012 5:59:51 AM)
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I'd think it difficult to say that California is anything but a vanguard of social progression. But in this instance one has to wonder at the mental acumen of the California liberal electorate. From Huffington Post, which Liberals love to quote from -
Earlier this month, California voters passed Proposition 30, a ballot measure containing a number of tax increases that will help avoid drastic cuts to the state's higher education system.
But according to a recent UC Berkeley report, all of those gains could be wiped out by a series of deals made by University of California administrators. Many of those officials, the report notes, have close ties to Wall Street firms making millions in profits from the state's cash-strapped institutions.
The report, titled "Swapping Our Future: How Students And Taxpayers Are Funding Risky UC Borrowing And Wall Street Profits," charges that the University of California system has lost almost $57 million dollars on deals so far -- and the losses are continuing at a rate of some $750,000 each month. Potential loses, it claims, may reach up to another $200 million.
"We don't need more tuition and fee increases," UC Student Association President Raquel Morales said in a statement. "We need good fiscal management to make financial decisions that are beneficial to all of the communities in the university, including students. The troubling data in this report suggests that we're not getting it."
I'm sure intelligent and caring people and businesses are flocking to California to take advantage of its exceptional economic environment. [8|]
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