[Dog Gone]

So, the message California politicians have learned is that voters aren't scared by big bond amounts, and so they should quickly put many billions more in borrowing on the ballot.

Do voters not realize that they are voting to repay those bonds personally? Just the two bond issues upcoming represent about $1,000 per resident of California, and when you realize that a large portion of residents don't pay taxes, that is a huge new debt being assumed by each person who does pay taxes. Even that figure is low, because it only represents principle, not interest, on the bond amounts. Sheesh.

[monkeyshine]

That's right, they don't think about it. And the bonds they (we) agree to pay for take 20-30 years to pay off, tying up money we may need to spend later. And, parents who vote for these bonds are also indenturing their children, who will no doubt be paying these debts off when they start making money in x number of years.

It doesn't make sense for any new businesses to start-up in California. I can't see how we will get the growth needed to grow out of our debts ($15 billion!), esp if we start tacking on new debt in the form of bonds.