Election Savings and California Education

Yea!  All the teachers that I know and the students cheering at a talk I went to applaud the state of California for passing proposition 30, which add funds and avoids cuts and tuition hikes to our schools at all levels including the Universities and Cal State Universities.

Yea!  The reelection of President Obama has many positive policy effects for responding to climate change, for respecting science and funding scientific research, for funding college education, and for dealing fairly with undocumented children who were raised in this country and just want to get an education to add to the industrial, professional, and intellectual might of this country.

Yea!  The choice of President Obama saves us from spending two trillion dollars on military buildup that was unwanted by the military.  It saves us from voiding the $716 billion cut in health services reimbursement rates that are even in the Ryan budget.

Some numbers on the Bush tax cut expiration debate.  The rate increase return that the wealthy that make over $250,000 a year would face by the expiration of the Bush tax cuts is those paying 33% marginal would move to 36%, and those at the top bracket paying 35% would move to 39.6%.  The Congressional Budget Office estimates that this would raise $678 billion in taxes over ten years.

Adding the $2.7 trillion saved from unnecessary expenditures to the $0.7 trillion in enhanced revenue would give a $3.4 trillion reduction to the deficit that may be achieved by reelecting President Obama.

About Dennis SILVERMAN

I am a retired Professor of Physics and Astronomy at U C Irvine. For two decades I have been active in learning about energy and the environment, and in reporting on those topics for a decade. For the last four years I have added science policy. Lately, I have been reporting on the Covid-19 pandemic of our times.
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