There was some big protests over the weekend in California. In fact, at the UC Santa Cruz site there was even take over of one of the buildings for three days. This was just one of several demonstrations across University of California campuses in the wake of a big tuition increase. It seems that students throughout the state are livid that the University of California's regents board approved a 32 percent increase in the cost of going to college. Of course, this will not hit everyone as those whose families make less than $70,000 have their tuition covered. What you have here is a situation of a state - California - that is way in debt from handing out free cash. Now they are running out of OPM (other peoples' money) and the there is no more cash left. I wonder if they will be teaching this point at one of the UC Santa Cruz economics' classes? Probably not.
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