<p>“I own some Cal munis. (smile)”</p>
<p>good boy - hang in there. for my part, based on advice which has so far proved invaluable in such subjects, i sold mine about a year ago. btw in which room of your house will you be displaying your ious?</p>
<p>Funny that the thousands of useless administrators and their equally incompetent staffs are never the ones put up front to yell that the sky will fall if their budget is cut. Yet does anyone really doubt that the state could easily save 20% on the UC budget if they cut back the admin overhead and useless nonacademic social programs and the worthless humps who run them? It’s just like the politicians claiming that they will need to take cops off the street to meet the budget cuts. What’s wrong with putting some of those lard asses who got promoted into useless desk jobs back in squad cars instead. Fire the damn bureacrats. Cancel those ridiculous pensions. And Stop paying for college for illegals. There’s no need to cut academics. It’s just a cynical threat, which if acted on ought to result in the firing of the entire college administration. Smarten up.</p>
<p>what to one man/woman are “useless nonacademic social programs…worthless humps…” and “…lard asses…” are another man’s/woman’s career. some of today’s college grads will someday become those “useless bureaucrats” so careful there, mia - what goes around comes around.</p>
<p>“I own some Cal munis. (smile)”</p>
<p>“good boy - hang in there. for my part, based on advice which has so far proved invaluable in such subjects, i sold mine about a year ago. btw in which room of your house will you be displaying your ious?”</p>
<p>I’m not into displaying. What firm did you use to sell the bonds?</p>
<p>“I’m not into displaying. What firm did you use to sell the bonds?”</p>
<p>don’t blame you, i wouldn’t keep them around either. you’re supposed to paper your walls with wallpaper, not muni-bonds. doesn’t matter who i used to sell - the rating has no doubt been downgraded a notch or two by now. but there’s always a market - the state won’t default on debt no matter.</p>
<p>“the state won’t default on debt no matter.”</p>
<p>I’m reading this thread - and news coverage of CA’s crisis - with concern and sadness. It’s very disturbing to see the nation’s arguably finest public university system, a generator of untold wealth for the state, in such dire straits. As a UC grad and someone who partly left her heart in NorCal, I’m rooting for the golden state, its schools and its residents.</p>
<p>The “dire” straights of the UC are grossly exaggerated. When all the smoke cleares they might have a small (under 10%) decline in total spending for non research categories. Much of that will be in salary saving by furloughs. </p>
<p>Washington Seattle took a 15% cut in state funding and no raises for two years. While they were not happy about it such overstatements of the impact were held to a minimum. The same is happening at many many other state U’s. When you add in extra tuition and stimulus money they will receive, the net impact will be small and they can manage it by leaving positions open and cuts in budgets for equipment and such that can wait.</p>
<p>Compare the measured response of the UW to UC’s hysterical President.</p>
<p><a href=“Office of the President – University of Washington”>Office of the President – University of Washington;