California Delays $2.9 Billion School, County Payments Amid Budget Impasse

August 24th, 2010

Via: Bloomberg:

California will delay paying $2.9 billion of subsidies to schools and counties in September, a month earlier than projected, to save cash amid an impasse that has left the state without a budget for 54 days.

The state’s top financial officials — the controller, treasurer and finance director — told lawmakers today that the 90-day deferrals need to start next month instead of October to make sure there’s enough money to pay bondholders. The amount is in addition to $3.2 billion the state pushed back in July.

One Response to “California Delays $2.9 Billion School, County Payments Amid Budget Impasse”

  1. Peregrino says:

    Nothing illustrates the utter tragedy of civilization better than elementary and high school. Imagine forcing young people to sit quiet and still in rows and columns indoors most of the day for any purpose! All of nature cries out for the young to be running free, laughing and yelling, exercising bodies built for motion and following the whims of their curiosity and imagination during their precious few years of youth. But what does the civilized mind deem tragic? The delay of the availability of billions of dollars used to fund the programs that diminish and ossify expansive, supple minds into rigid, pre-determined patterns that reinforce civilized conceits, not to mention restricting motion to facilitate the brainwashing. Pity poor humanity, compromised by its own success that has led to overpopulation and its consequences: a civilization that justifies the perpetration of the very thing that compromises it. The true savior of humanity will convince us that the tragedy of allowing nature to control our population is not as great as the tragedy of the hollow soul that overpopulation, and the self-deceiving civilization it creates, imposes upon us all.

Leave a Reply

You must be logged in to post a comment.