Shop Now At Amazon

Cali votes to increase taxes to offset education cuts. Why are they stupid...?

Discussion in 'Politics' started by Avery, Nov 16, 2012.

  1. Avery

    Avery Well-Known Member

    Reputations:
    29,891
    Joined:
    Oct 22, 2010
    Messages:
    30,858
    Likes Received:
    2,106
    University Of California Deals With Wall Street Banks Could Wipe Out Prop 30 Gains, Report Says

    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.

    http://www.huffingtonpost.com/2012/...9858.html?utm_hp_ref=fb&src=sp&comm_ref=false


    Congrats on voting yourselves a tax hike to payoff Wall Street firms, California! :owned:
     
  2. Sponsor

    Sponsor

    Reputations:
    0
     
  3. I invented that

    I invented that VIP Extreme Gold

    Reputations:
    184,831
    Joined:
    Jun 3, 2012
    Messages:
    11,914
    Likes Received:
    1,702
    it's the thought that counts.
     
  4. stripes

    stripes New Member VIP

    Reputations:
    15
    Joined:
    Dec 14, 2011
    Messages:
    24,567
    Likes Received:
    5
    we need gubment in charge of more tax money & programs
     
  5. I invented that

    I invented that VIP Extreme Gold

    Reputations:
    184,831
    Joined:
    Jun 3, 2012
    Messages:
    11,914
    Likes Received:
    1,702
  6. stripes

    stripes New Member VIP

    Reputations:
    15
    Joined:
    Dec 14, 2011
    Messages:
    24,567
    Likes Received:
    5
    i like the billions of $ they get scammed out of in medicare & medicaid on an annual basis.
     
  7. BeetTheBoxer

    BeetTheBoxer Active Member

    Reputations:
    -3
    Joined:
    May 6, 2011
    Messages:
    2,887
    Likes Received:
    0
  8. shitcunt

    shitcunt Well-Known Member

    Reputations:
    20,039
    Joined:
    Jan 16, 2012
    Messages:
    3,302
    Likes Received:
    307
    Cali has a dem supermajority now. They don't even need the voters to pass tax increases. It's gonna get interesting.
     
  9. SiriusDawg

    SiriusDawg New Member

    Reputations:
    0
    Joined:
    Apr 11, 2012
    Messages:
    1,768
    Likes Received:
    1
    Agreed. How dare they give away emergency aid to Hurricane victims. The stupidity of that right-wing Governor who told the Democratic Gov during Katrina that ALL federal programs should be better controlled by the Governor!
     
  10. I invented that

    I invented that VIP Extreme Gold

    Reputations:
    184,831
    Joined:
    Jun 3, 2012
    Messages:
    11,914
    Likes Received:
    1,702
    you don't find it odd it takes $4 million to give away $12 million? the red cross distributes 91% of contributions to aid victims. if govt had given $16 million to red cross, red cross would have given $14.56 million in aid.:coffee:
     
    Last edited: Nov 17, 2012
  11. SiriusDawg

    SiriusDawg New Member

    Reputations:
    0
    Joined:
    Apr 11, 2012
    Messages:
    1,768
    Likes Received:
    1
    I find most state & federal programs to be run like shit.

    In this case, it is what it is....the victims needed help.
     

Share This Page