education on a shoe-string

I peruse the "help wanted" sections of h-net and other academic job markets from time to time. Even though I'm not officially "on" the job market, the prospect of applying for a job is exciting. Actually, I should say, the prospect of there being a job that I can apply for is exciting - particularly since I live in mightily-bankrupt state (as opposed to the newly-bankrupt states). I wondered how deeply the new state "budget" would effect the job market for higher education and then I saw an ad for CSU Northridge. It can't be that bad if Northridge has posted an ad, right? Then I read the ad. The generic search for adjuncts ends by saying:

Given the condition of the California budget for the CSU system this year and the current entitlements of part-time instructors, it is very likely that we will have few if any openings. We are, however, required to advertise.

Puzzling. They have to advertise for positions that, in all likelihood, they don't have.

Well, if I'm not going to adjunct then I will put that energy into my dissertation. So, I head on over to the library website for my neighborhood California university to see if it can help me find that obscure study, only...
If the state university systems are a public service, then the outlook for California, over the next generation, looks pretty bleak.