Saturday, April 14, 2012

In California, another cost of financing your local fireman's/policeman's/prison guard's retirement at age 55, with full pay and lifetime medical has become apparent.

"California State University is withholding financial aid for about 20,000 needy graduate students - money that pays their tuition - pending a decision that could permanently end the cash grants, The Chronicle has learned.

...

"Cash strapped CSU faces the possible loss of $200 million in state funding next year - on top of $750 million slashed this year - and may want to raid the financial aid program."

Again the idiocy of the Democrats and their policy to promise public money to the unions in return for votes is apparent.  The losers this time are low income students.  What a disaster the Democrat have made of the 7th largest economy in the world.

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