Just wondering…

Here it is:
https://www.azcentral.com/news/articles/2008/10/28/20081028asubudgetcuts1028.html
A more recent story (Friday) made no mention of it but did describe large tuition hikes for in-state students (“needed to improve the quality of education”).
As long as we’re on the subject of news items, the Arizona Republic had a very brief, but revealing news blurb on page D2 in its Business section on 11/7, titled “About a third in Arizona upside down on mortgage”.
According to the item: There are 1.3 million mortgage borrowers in Arizona. Of these, more than 375,000 owe more on their mortgage than what their home is worth. An additional 450,000 have less than 5 percent equity in their homes. If you do the math, it means that nearly 2/3 of Arizona mortgage borrowers own less than 5 percent equity. Incredible.
Today’s print edition had another funny little blurb item in the Business section, this time apparently citing the magazine Business Week:
“Foreign stocks key? Retirement specialists encourage clients to consider foreign markets. Some suggest that two-thirds of your equities should be U.S. shares and one-third foreign stocks, but say that should shift more toward foreign assets as other countries become big contributors to the economy.”
Wow, what balls. I’ve never heard a figure as high as 1/3 of one’s stock portfolio for foreign stocks. And now they’re using that for a base figure from which to push an even higher ratio of foreign stocks. Hard to say how these foreign countries would become “big contributors” to the economy but you can bet that they are becoming big holders of U.S. debt. Another “I told you so” moment for Mr. Talton, who has been warning of this for some time.

Hi Jon –
I’m enjoying your crusade against the Phoenix metropolitan area mindset. We have the same kind of mindset here in Safford, where anything that might impede development is taboo.
Rudy Dalpra