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School Children Rejoice: California Is So Broke It Will Shorten The School Year

Tyler Durden's picture




 

This is just getting ridiculous:

  • CALIFORNIA REVENUE MAY TRAIL FORECAST BY $3.7 BLN, ANALYST SAYS
  • CALIFORNIA REVENUE SHORTFALL MAY MEAN SHORTER SCHOOL YEAR

Who needs to go to school anyway: all we need to know we learn from The Situation and Pauly-D. But yes, M-Dub is off by a month or two on the upcoming tsunami default wave: pesudo-sophist muni experts rejoice! Also rejoice because this news is somehow bullish - probably the EFSF will be expanded to include California, or the FT will break a story at 3 pm that China is about to buy CA, sending the S&P to Uranus.

via BBG

 

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Wed, 11/16/2011 - 17:20 | 1884472 Miss Expectations
Miss Expectations's picture

I think your dad's long term memory is still intact.  He remembers this:

California Picture Book 1941

http://www.youtube.com/watch?v=fPsz53bw5_g&feature=player_embedded

What a place is was.

 

Wed, 11/16/2011 - 16:39 | 1884156 Cathartes Aura
Cathartes Aura's picture

so was ahhhnold, the humvee collector - kali folk must like their rulers "arrogant."

Wed, 11/16/2011 - 16:07 | 1883964 Zero Debt
Zero Debt's picture

They always say lack of revenue, never a problem of costs. Not true.

CalPERS unfunded liabilities:

http://www.intellectualtakeout.org/library/chart-graph/calstrs-and-calpe...

Want a pension over 100K, work for govt' in Cali:

http://seekingalpha.com/article/135117-want-a-pension-over-100-000-be-a-...

California firefighter salary debate:

http://honda-tech.com/showthread.php?t=2611207

 

Wed, 11/16/2011 - 16:14 | 1883995 rockraider3
rockraider3's picture

Oh crap. I have to drive by the LA unified school district main office on my way to/from work. This is just going to mean more protests, more police, more news vans, and jammed up traffic for me.

Interestingly, I did notice a few weeks ago that the teachers who were participating in the "Occupy LAUSD" did not actually camp outside the building, even though they left tents there overnight and over the weekend.  Compared to the Occupy LA people, these teachers are pretty weak in their convictions. And they left their signs up and garbage about after they packed up, which I found distrubing.

Wed, 11/16/2011 - 16:14 | 1883997 ZeroPoint
ZeroPoint's picture

"Is our children learning???"

Wed, 11/16/2011 - 16:34 | 1884106 Mariposa de Oro
Mariposa de Oro's picture

Is our childrens learning?

fixed it for ya, lol.

;)

Wed, 11/16/2011 - 16:17 | 1884006 Ura Bonehead
Ura Bonehead's picture

Our public schools aren't educating anyone anyway. Maybe (in California) they could keep public schools open that last month just so the mass of illegal’s could learn English. Just a thought.....

I once had a conversation with a Texas State Senator over the (then) debate over school funding. She mentioned a, "Crisis in education funding." My reply was that we didn't have a 'crisis in funding', we had a 'crisis in priorities.’ How in the world is it that stuff like education funding is always the LAST dollar allocated instead of the FIRST???  In Texas we have Special Sessions just to figure out education funding, as if they couldn’t have figured that one out in a regular session. Why aren't Special Sessions over stuff like entitlements?

Wed, 11/16/2011 - 21:28 | 1885402 mkkby
mkkby's picture

Because the voters can always be suckered into paying more "for the children".  So your corrupt politicians will always fund everything else they want first.  It's a form of blackmail.

Wed, 11/16/2011 - 16:17 | 1884013 Evil Bugeyes
Evil Bugeyes's picture

We don’t need no education
We don’t need no thought control
No dark sarcasm in the class room
Teachers leave those kids alone
Hey, teachers! Leave those kids alone!

Wed, 11/16/2011 - 16:22 | 1884037 pragmatic hobo
pragmatic hobo's picture

california should do what banks do ... create good california and bad california ...

Wed, 11/16/2011 - 16:23 | 1884044 Rastamann
Rastamann's picture

Libertarians REJOICE! the "free market" is allowing your children the freedom to be stupid.

 

now that they are FREE to do whatever they want, your 6 year old can get a job ...or.......they can turn to crime.

 

 

LIBERTY!!!!! yaaaaaaaaaaaaaay

Wed, 11/16/2011 - 16:38 | 1884145 Dr. Acula
Dr. Acula's picture

Shutting down the socialist child concentration camps isn't enough.

The State should return the funds it extorted to the proper owners.

 

Wed, 11/16/2011 - 16:46 | 1884198 Mariposa de Oro
Mariposa de Oro's picture

What free market?  We haven't had a free market EVER, just less controlled.  Remember free market = black market.

Wed, 11/16/2011 - 18:05 | 1884745 MayerRothschild
MayerRothschild's picture

Oh noes!!!11!!1!!

parents might have to parent again and teach children that stealing is wrong

Wed, 11/16/2011 - 16:28 | 1884068 ebworthen
ebworthen's picture

School?

Do you need an Edumacation to buy in iPad or go to Starbucks for a Latte?

Consumers is all we need, oh, and some more stimulus and bailouts and QE, with a dollop in increased food stamps and welfare.

If there are riots we institute the draft for males, just think of all the hot babes that will be available.

We can consume our way out of this recession, we just need a little more time, and money printing, and positive thinking, and 101 more cable channels, and a couple more professional sports and leagues.

Right?

Wed, 11/16/2011 - 16:30 | 1884083 partimer1
partimer1's picture

That's pretty fuckup.  I need my tax dollar to go to school, and I need the teachers to be around the children for MORE DAY, NOT LESS. They need to get rid of all these minimum wage shit.  In the hard time like this, we need the teachers more than ever.  They should work more for less.  That's what sacrifice means.  

Wed, 11/16/2011 - 16:34 | 1884107 Frank N. Beans
Frank N. Beans's picture

damn, some dude already beat me to uranus

Wed, 11/16/2011 - 17:50 | 1884671 SokPOTUS
SokPOTUS's picture

You a Penn State grad?

Wed, 11/16/2011 - 16:39 | 1884142 The Deleuzian
The Deleuzian's picture

A shorter school day translates into higher childcare cost...I mean seriously...What is public school good for except really cheap daycare!!!

Couple this with the 'Nothing to do after school' except get into trouble thesis...

Get ready and go long the 12 year old "Goin back to Cali' Thugs and Criminals...

Wed, 11/16/2011 - 16:44 | 1884187 augmister
augmister's picture

 Third World R US!

Wed, 11/16/2011 - 16:54 | 1884191 Dr. Acula
Dr. Acula's picture

Public schools are a disaster, here's just one example:

Nearly Half Of Detroit's Adults Are Functionally Illiterate

http://www.huffingtonpost.com/2011/05/07/detroit-illiteracy-nearly-half-education_n_858307.html

See also

http://mises.org/etexts/enterprisingedu.pdf

"Despite virtually omnipresent dogma, there is no simple explanation as to why government provision of primary education must be substituted for private alternatives."

 

 

Wed, 11/16/2011 - 16:45 | 1884192 Bansters-in-my-...
Bansters-in-my- feces's picture

All the kids of the next gernerations need to know,is what the head of the Federal(not) Reserves(none) tells them.

Ps.

Fuck You Ben BerSkanky.

Wed, 11/16/2011 - 16:46 | 1884199 Random_Robert
Random_Robert's picture

From Wikipedia:

This List of State of California agencies, departments, and commissions is a partial list of the more than 500 California state government agencies, departments, and commissions.

Wed, 11/16/2011 - 17:29 | 1884527 Ura Bonehead
Ura Bonehead's picture

If I'm Gov I'm cutting three of these DAY ONE:  State Bar of California, Department of Education,........   I can't remember the third one.  Sorry.

Wed, 11/16/2011 - 17:51 | 1884676 SokPOTUS
SokPOTUS's picture

Oops.

Wed, 11/16/2011 - 16:54 | 1884238 Bansters-in-my-...
Bansters-in-my- feces's picture

Hey,i GOT SOME "PRE DEFAULTED" CMBS I could sell them on the cheap.

They could flip them over for Maxi Profit and put the returns back into the school system,so they could educate the kiddies never to believe a Bankster when he says he has this incredible finacial tool ,or these "investment vehicles".

Better still,they could maybe learn to never believe a Bankster no matter what he says......

Look his lips are moving...I know what that means.

Wed, 11/16/2011 - 17:03 | 1884308 Flakmeister
Flakmeister's picture

Just give 'em Bibles and they can home-school themselves...

Assuming of course they can read....

Wed, 11/16/2011 - 17:13 | 1884411 WTF_247
WTF_247's picture

I am sure as stuff unwinds people will be "very" surprised that there is almost no money to do anything.  Your taxes will remain the same or go higher but you will receive less and less in benefits because of the well known "money sinks" that take more and more of the revenues.  How do states think they can just keep selling bonds based on expected tax revenue going decades forward and not expect it to blow up in their face when there is no money to pay for things in the future.

 

That would be like you and I taking 10 years worth of salary today so that we can buy a house for cash now.  All of our money in future years goes to pay back the loan.  We neglected to remember that a house needs upkeep and we have to eat .... hmm oh well looks like we are in a bit of trouble.

 

Schools - year cut in half, many closed.

Roads - no work done, no money

Police - half gone, no money

Fire dept - half gone no money.

 

Riots are close at hand when we get to this point

Wed, 11/16/2011 - 17:18 | 1884448 Bastiat
Bastiat's picture

In June CA leg. passed a law to eliminate redevelopment agencies and take (indirectly) what money they could -- a second law said redevelopment could stay in business if they volunarily each paid an amount based on a statewide share of $1.7 bln.  This has been litgated and now is with the Ca Supreme Court.  If both laws are overturned there will be another $1bln plus hole in the state budget.  Not sure if the analyst took that into account. 

Wed, 11/16/2011 - 17:29 | 1884525 chaartist
chaartist's picture

good for children, one month of creative growth

Wed, 11/16/2011 - 17:41 | 1884616 SixFeetFromTheHedge
SixFeetFromTheHedge's picture

Looks like we have a comedian Tyler now.

Thu, 11/17/2011 - 00:50 | 1885775 SAME AS IT EVER WAS
SAME AS IT EVER WAS's picture

Tyler has always been a comedian, and a master of rethorical sarcasm!

Wed, 11/16/2011 - 18:23 | 1884824 navy62802
navy62802's picture

I heard a report somewhere about US inter-state migration. It was interesting because the report was about a group of researchers that followed how US citizens are moving within the 50 states. The largest migration was from California to Florida (if my memory serves me correct ... may have been a different destination state). The beauty of the US system is that when a state is conducting business badly and elections aren't solving the problem, our citizens are free to move to another state of their liking and effectively vote with their feet. This will continue to happen with California until the problems are corrected. Same goes for other states which conduct their business poorly.

Wed, 11/16/2011 - 18:37 | 1884867 SilverRhino
SilverRhino's picture

our citizens are free to move to another state of their liking and effectively vote with their feet.

The only problem with that is when you have immigrants from other states moving into your state and then bitching about lack of services and then continuing to vote like idiot socialists effectively importing their shithole into your state.

Maybe 10% of escapees from liberal hellholes realize that it was their voting patterns that contributed to the problem.

 

Wed, 11/16/2011 - 22:46 | 1885549 navy62802
navy62802's picture

Well put ... and touche, my good sir.

Wed, 11/16/2011 - 23:50 | 1885687 Lednbrass
Lednbrass's picture

I see alot of this, there is a strong tendency for northern jagoffs moving south to then do everything they can to turn it into the same sewer they left.

Wed, 11/16/2011 - 20:35 | 1885286 lotsoffun
lotsoffun's picture

my suspiscion is simply latino illegals.  if you own a home, have a job, had a job, family, hope to have another job, would you move?

think about it.

affirmative action president.  lovely.

 

 

Wed, 11/16/2011 - 18:36 | 1884864 americanspirit
americanspirit's picture

Our ISD has one elementary school, one Middle school, and a High School. There is a total of 1100 kids in the system. They have seven full-time coaches and one half-time librarian at the high school. They have no foreign language instruction. Last year the state rating agency downgraded them from average to below average, and the PTA was outraged. "We're not below average, dammit - we're average!"  Mediocre and [proud of it.

The superintendant makes $300,000+. At the last school board meeting I asked if anyone in the administration could tell me how many graduates of the district go to college, and how many of those complete four years of college in six years or less. Nobody had a clue.

But my property tax bill comes right on time, every year. I'm lucky - I'm over 65 and my property taxes are 'frozen'. So I only have to pay $6000 a year to support this sterling example of American public education.

I've wondered for a while how long it is going to take for some recently graduated student to file a class action lawsuit against their public school system on the basis of fraud and conspiracy to defraud. These kids are not getting an education - they are getting conned, along with their parents, and all the rest of us who have no kids in the system but have to pay taxes, or else.

I would be absolutely ecstatic to see the entire public school system in the US shut down and forgotten. It once served a purpose, and once actually educated children, but those days, like the days of unions, are long gone.

Wed, 11/16/2011 - 18:37 | 1884865 americanspirit
americanspirit's picture

sorry - double post

Wed, 11/16/2011 - 19:17 | 1885037 dickizinya
dickizinya's picture

we have a $528 million dollar high school in LA.

that shit costs money.  dudes.

Wed, 11/16/2011 - 20:13 | 1885236 lotsoffun
lotsoffun's picture

and i'd like to think myself a liberal - but why is that?

because then they might have to pay say $10/hour for legal wages as home help versus $5.

i'm making the number up, i really don't know - but if illegals are 1 cent cheaper, then the rich will pay for that to 'save'

 

 

Wed, 11/16/2011 - 21:24 | 1885392 Imminent Collapse
Imminent Collapse's picture

Will this affect the high school football season?  Sure hope not, playoffs are coming up.

Thu, 11/17/2011 - 00:46 | 1885767 SAME AS IT EVER WAS
SAME AS IT EVER WAS's picture

S&P 1800!

BTFD.

Thu, 11/17/2011 - 01:10 | 1885814 billsykes
billsykes's picture

i wish i could short the schools.

Thu, 11/17/2011 - 02:34 | 1885932 squexx
squexx's picture

California needs to go bust financially. There is so much lard in the budgets, like the unions, pensions, helping illegal wetbacks stay in the country, etc... Let it crash, get rid of the liberals, wetbacks and jooz that run the place and put some conservatives in the damn government.

Gov. Moonbeam isn't fit to run for dog catcher! CA needs to feel what starvation feels like before it will get better!

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