Regents of the UC give up on public education funding

Why have the regents given up on public education in California?

"a superogatory blast from Regent Chair Russ Gould, who seconded David Crane in saying that all the new dollars were going to go to things other than higher ed. Everybody loves higher ed, no one puts it first, so UC needs to build self-reliance, and that's the end of it. His speech made it clear that, at least in Regents meetings that he chaired, the idea of increased public funding is dead."

http://utotherescue.blogspot.com/2011/03/odd-regental-duet-this-morning.html