Home › Forums › Financial Markets/Economics › Prop 30 passes… Get ready to bend over…..
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November 7, 2012 at 11:23 AM #754014November 7, 2012 at 11:39 AM #754015
Oni Koroshi
Participant[quote=flu][quote=Oni Koroshi]Aside from the small sales tax increase, this won’t affect the income for most of us yet public education will benefit greatly which does affect all of us.[/quote]
It won’t do shit for public education.
Bookmark this thread and let’s compare notes in 2 years to see if your local public school are any better off 2 years from now…
Local schools know this…And that’s probably why there’s a bunch of local bond initiatives to fund schools locally.[/quote]
Not everything is so black and white. It’s about stopping the bleeding at this point and trying to stabilize things after these huge budget cuts to all programs.
With prop 30 passing we’ve avoided a “$150 increase in California State University fees per semester, $375 million in cuts to the University of California system and the elimination of $20 million in state aid to city police departments. An additional $80 million in cuts to various state departments could result in the closure of some CalFire stations, eliminate seasonal lifeguards at state parks, roll back some flood-control and boating safety programs, reduce the number of park rangers and curtail some services for the developmentally disabled.” http://www.latimes.com/news/opinion/endorsements/la-ed-end-prop30-budget-cuts-20121102,0,6650069.story
We’ve been able to prevent a 3 week cut of the school year and other massive cuts to public schools and community colleges. While this isn’t going to directly make public education better, it will surely prevent it from getting much worse.
November 7, 2012 at 11:42 AM #754016Zeitgeist
Participant[quote=flu][quote=Oni Koroshi]Aside from the small sales tax increase, this won’t affect the income for most of us yet public education will benefit greatly which does affect all of us.[/quote]
It won’t do shit for public education.
Bookmark this thread and let’s compare notes in 2 years to see if your local public school are any better off 2 years from now…
Local schools know this…And that’s probably why there’s a bunch of local bond initiatives to fund schools locally.[/quote]
Exactly right. The public schools will still under perform and the teachers will blame the parents for lack of involvement. Nothing changes. I remember when the lottery passed. People thought it would help the schools. Think again.
November 7, 2012 at 12:04 PM #754021livinincali
Participant[quote=Zeitgeist][quote=flu][quote=Oni Koroshi]Aside from the small sales tax increase, this won’t affect the income for most of us yet public education will benefit greatly which does affect all of us.[/quote]
It won’t do shit for public education.
Bookmark this thread and let’s compare notes in 2 years to see if your local public school are any better off 2 years from now…
Local schools know this…And that’s probably why there’s a bunch of local bond initiatives to fund schools locally.[/quote]
Exactly right. The public schools will still under perform and the teachers will blame the parents for lack of involvement. Nothing changes. I remember when the lottery passed. People thought it would help the schools. Think again.[/quote]
More money for schools is always built on some sort of silly premise that we’ll be able to attract the best and the brightest to become teachers. Of course look at what the schools do as soon as they get that money. They don’t go out and hire more teachers or attract new young teachers with higher starting salaries, they always give the teachers and administrators, we already have, big raises.
November 7, 2012 at 12:13 PM #754024EconProf
ParticipantRather than reform public schools in CA, we have just thrown more money at education. Instead of pay and promotions based on merit, we continue to use seniority. When layoffs occur, the youngest and most energetic teachers are let go, usually in the economically disadvantaged areas. Our test scores and graduation rates put us 47th or 48th in the nation, yet our teachers are the highest paid compared to other states (google teacher pay by state, or some similar wording). In short, we are already taxing ourselves heavily, and getting very little productivity for it.
November 7, 2012 at 12:41 PM #754026carlsbadworker
ParticipantRight. Only innovation can help us with the productivity. And now that we don’t need it anymore because they have got more money to spend.
November 7, 2012 at 1:16 PM #754030UCGal
Participant[quote=ucodegen]What I find interesting is that last night, with only 29% of the vote count.. 30 was losing, 32 was winning, and 39 was losing. While we can declare who won the electoral college on 29% of the vote, the additional 71% of vote completely reversed the status on these propositions. Around 22:25, the secretary of state stopped updating their website. Either there is a very significantly different demographic that got added in, or something is hinky.[/quote]
The look specifically at reporting counties, and precincts, registration ratios in those areas.
City of San Fran votes very differently than the Central Valley for example.
Same was true on the presidential election last night – they were calling states based on what the party registration was for the areas still not reporting.
Basic analysis if you have the data.
November 7, 2012 at 1:34 PM #754033no_such_reality
Participant[quote=Oni Koroshi]
Not everything is so black and white. It’s about stopping the bleeding at this point and trying to stabilize things after these huge budget cuts to all programs. [/quote]http://www.dof.ca.gov/budgeting/budget_faqs/documents/CHART-B.pdf
Please look at the table and identify where the total decrease is…
I find the column title EXPENDITURE TOTALS INCLUDING
FEDERAL FUNDS to be nice as it clearly shows were are spending $30 Billion more than in 2008.The general fund has taken a small hit, but it is more than made up for with Special Funds and Bonds.
November 7, 2012 at 1:52 PM #754036Coronita
ParticipantYou know the sucky part is prop 30 passes but prop CC for del mar didn’t… wow… just wow…
some people really are haters…
November 7, 2012 at 2:01 PM #754037enron_by_the_sea
ParticipantDear fellow prop. 30 haters,
Don’t despair because prop. 30 passed. The fact is that Democrats now gained 2/3 supermajority in both state assembly and state senate this election. So if prop. 30 had not passed, those tax increases would have happened any way.
Always look at the bright side …
http://www.sfgate.com/politics/article/Democrats-get-supermajority-in-Legislature-4015861.php
November 7, 2012 at 2:33 PM #754042Coronita
Participantpoor people are about to get poorer…But again, not my problem….
November 7, 2012 at 2:38 PM #754043an
Participant[quote=enron_by_the_sea]Dear fellow prop. 30 haters,
Don’t despair because prop. 30 passed. The fact is that Democrats now gained 2/3 supermajority in both state assembly and state senate this election. So if prop. 30 had not passed, those tax increases would have happened any way.
Always look at the bright side …
http://www.sfgate.com/politics/article/Democrats-get-supermajority-in-Legislature-4015861.php%5B/quote%5D
Would that mean CA will no longer have any problem, since Democrats can do almost anything they want?November 7, 2012 at 2:43 PM #754044Coronita
Participant[quote=AN][quote=enron_by_the_sea]Dear fellow prop. 30 haters,
Don’t despair because prop. 30 passed. The fact is that Democrats now gained 2/3 supermajority in both state assembly and state senate this election. So if prop. 30 had not passed, those tax increases would have happened any way.
Always look at the bright side …
http://www.sfgate.com/politics/article/Democrats-get-supermajority-in-Legislature-4015861.php%5B/quote%5D
Would that mean CA will no longer have any problem, since Democrats can do almost anything they want?[/quote]Oh, it will be fine…..CA can’t possibly be anymore screwed up than it already is.
November 7, 2012 at 2:59 PM #754046an
Participant[quote=flu][quote=AN][quote=enron_by_the_sea]Dear fellow prop. 30 haters,
Don’t despair because prop. 30 passed. The fact is that Democrats now gained 2/3 supermajority in both state assembly and state senate this election. So if prop. 30 had not passed, those tax increases would have happened any way.
Always look at the bright side …
http://www.sfgate.com/politics/article/Democrats-get-supermajority-in-Legislature-4015861.php%5B/quote%5D
Would that mean CA will no longer have any problem, since Democrats can do almost anything they want?[/quote]Oh, it will be fine…..CA can’t possibly be anymore screwed up than it already is.[/quote]
My point is, I better not hear anymore excuses about unemployment or budget problem. When you have super majority in all branches, there’s no one left to blame.November 7, 2012 at 3:03 PM #754048Hobie
Participant[quote=flu]poor people are about to get poorer…But again, not my problem….[/quote]
except the more ‘disavantaged’ there are, the more you and I will have to pay our fair share. Thank you sir may I have another.
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