Annotated Bibliography

Bradley, William. "Jerry Brown: Gearing Up a Campaign at Last?" The Huffington Post. TheHuffingtonPost.com, 22 Sept. 2012. Web. 24 Sept. 2012. . 



          This article, written by Bradley William was chosen because it provided a very concise unbiased explanation of Prop 30, along with an introduction to relevant Propositions such as 32 and 13. The Post writer then goes on to explain his distaste for 30, which he then provides voter approximations to verify his statements. He believes that this Bill could drastically help fund institutions, such as the education system and the like, if it didn’t have an “Achilles Heel”. This Proposition will not only raise the taxes of Upper class homes, but will also bare a higher sales tax rate. This puts our Governor in an awkward position. He needs to convince lower income families to pay more money, to get back money. The writer also explains the conspiracy of how this could all be a ploy to get Brown re-elected. Sources are cited via video clips of Brown at conventions, etc. 


      Berman, Jillian. "Why Stockton, California, Is Bankrupt, And Your Town Isn't." The Huffington Post. TheHuffingtonPost.com, 28 June 2012. Web. 24 Sept. 2012. . 



         This article, albeit older than the first, was still very relevant to the Higher Education Crisis. This article was chosen, not only because I’m a fan of the Huffington Post, but because this article was written about a town that is in worst case scenario. Bankrupt. Stockton is a prime example of how the now standing Prop 13 is not working. The writer breaks it down, step by step of how exactly Stockton fell. The article then ties into how the rest of California is falling, as well as on a national level. “And a national lesson: Nobody, anywhere, should ever issue pension obligation bonds! Let’s think for a moment about what these really are. They are commonly described as a way of exchanging a pension liability for a bond liability. But really, when a city issues pension obligation bonds, it gets a bond liability and keeps its pension liability -- plus it gains an asset that offsets the bond liability. Typically, the jurisdiction invests the bond proceeds in an equity-heavy portfolio, which may lose value, but the bond liability remains fixed.” He also explains how we can “prevent more Stocktons”, as depressing as that is. The solution is very clear-cut and obvious. Explanations of how other states are coping without Prop 13 and being able to raise and lower property tax value based on the economy. 




      Zhao, Emmeline. "Nevada Asks Battered Universities To Solve Its Economic Crisis." The Huffington Post. TheHuffingtonPost.com, 21 Sept. 2012. Web. 24 Sept. 2012. . 



      This article was useful to me because it gave a brief overview of the Higher Education Crisis, and how it’s affecting individuals and colleges alike. As programs are getting cut, tuition is soaring. They provide the case of Nevada, which is another prime example of how bad this system is getting. Nevada now has the nation’s worst unemployment as well as foreclosure rates. They state higher education is the key to solving this financial and judicial predicament.