Lavish Expenditures of Taxpayer Money

This comes from the San Francisco Chronicle, hardly a conservative mouthpiece:

University of California President Janet Napolitano’s office spent more than $4,000 on one employee’s retirement party and thousands more on other going-away, staff-appreciation and holiday parties, perks that are not typically seen in the public sector and that raise questions about lavish spending practices as the university increases tuition and fees on students.

The new details come after state auditors found $175 million in secret reserves in the office of the president, money that lawmakers said should have been disclosed to the public and the Board of Regents, which oversees the 10-campus university system. 

Financial misconduct at the highest levels of academia--in California, no less?  I'm shocked, shocked, I tell you.

Remember this story the next time you hear someone talk about "free" college.