In a closed-door meeting Tuesday night, the University of California Regents announced a 5% increase in all executive salaries, with some executives seeing proposed increases as high as 33%. As mentioned in my previous blog, this occurred the same day that President Bush vetoed the College Opportunity & Affordability Act.
While the two are probably not connected, I find it very poignant that they did occur within hours of each other. Some may not realize that the failure to pass the College Opportunity & Affordability Act has left many middle class families in a difficult situation. On the one hand, they are not poor enough to receive financial aid and on the other hand, they cannot afford to send their children to a decent college even for an arm and a leg.
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