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Politics : View from the Center and Left

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To: Steve Lokness who wrote (147743)	10/21/2010 12:14:25 PM
From: Wharf Rat	Read Replies (1) of 541984

Our problem is that we had something and paid for it (and had a rainy day fund, $6B, IIRC, to boot) up until Prop 13 passed, and we are still trying to hang on to what we had without being able to create new revenue sources. Slowly, slowly we cut back stuff, but it's hard to give up the good life. Where we are now had its start 32 years ago. Fer instance, back then we were first in school spending per student. Now we are 49th. Is it right that the 8th largest economy in the world rank 49th in school spending in the US? Propping Up California's Budget By John Wildermuth The hugely popular Proposition 13 has had a cascade of unintended consequences. alumni.berkeley.edu "In 1960, California's average income was 135 percent of the national average," Brady said. "Today it's 105 percent or almost right in the national middle"

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