Detailed text transcripts for TV channel - CNN - 20100304:22:33:00
Invested in the higher education. what they found the -- economists found every dollar invested in cal state university system, over time it produced $4 in return to the state. so it is a good investment. in the '80s '90s we began cutting back so that in -- in the '80s, the -- in california, high education was 17% of the state budget. that's now down to 9%. prisons by contrast were 3% of the state budget and now 10%. they are spending more on prisons than spending on higher education. and i -- you have latest cutbacks and tuition increases. coming because of the recession. and you have an expl...