[Ernest_at_the_Beach]

calgov2002:

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[sigarms]

"Enthused" is not a word. Thank you.

[Carry_Okie]

Let's hear it for the Kalifornicated Republick, rapidly descending into the thurd whirled.

[monkeyshine]

I love California... but if I earn enough money someday, I'm going to buy a house in Nevada and take up residency there. I sure as heck don't want to pay off these billions of $ in bonds for the rest of my life as a California resident. 7-9-11% of my income goes (or will go) to this state depending on how much I make (which fluctuates year to year). 0% in Nevada. If I make enough, the taxes will wash out the Nevada mortgage. If I make even more, I'll be way ahead.

[Argus]

Funding ongoing expenses like education with bond issues is like buying groceries with a credit card. California is the grasshopper state, shoving all responsibility for its spendthrift ways into the future. Unfortunately, no ants are going to show up to bail us out.

[d14truth]

Will the 'short title' for the new bond referenda be the 'California Bankruptcy Bond' I & II?

[RightOnTheLeftCoast]

Politicians love bonds because the average Joe doesn't realize it's borrowing. It's debt. And that's a good thing for the politicians, because even the average Joe realizes that no one ever borrowed their way to prosperity.

Someday a politician will come around and explain this to the folks. Maybe Bill Simon will be the one to do it.