CA Wants to Cap Students But Give Admins Raises?

Ineptitude strikes again! The State is facing an $11B deficit but the Governor can't make the legislators come together to fix the budget? There's talk of slashing every vital service down to the bone, including limiting the number of new students attending State Universities and Community Colleges while raising fees. But wait for it, the Board of Governors is handing out raises like party favors. Not a piddly 3% cost of living increase but 10%, 13% and even as much as 19%!!! 

This is beyond infuriating. With the economic downturn it is even more important for people to beef up their education and remain competitive in the job market. This is not going to be 'fixed' any time soon either. Obama can't wave a magic wand and cure all that ails the market. The Bush administration (father and son) along with the Clinton one (yeah I said it) proceeded to roll back every barrier to prevent a run on the banks and Federal Reserve. Shrub encouraged people to shop after 9/11. People have been living on credit. The gov't lives on credit. It took years and years of concentrated plundering to make it this bad. That bogus bail-out was all for the benefit of the top 1% and the rest of us were forced to pay to keep them wealthy. 

Is this a blip, a speed bump or an asteroid hurling from space to destroy us?