Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Dog Gone
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.

16 posted on 03/26/2002 2:43:25 PM PST by monkeyshine
[ Post Reply | Private Reply | To 10 | View Replies ]


To: monkeyshine
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.

Politicians tend to vote for band-aids that will get them past the next election cycle, and this is what we're seeing here. They can move on, but these long-term debts remain a legacy for the next generation.

I could see it, perhaps, if they were borrowing to build the infrastructure required to efficiently support a population of 50 million, which California will have before 2020. But it's largely long-term debt to service current maintenance items.

It's like taking out a home mortgage to buy this month's groceries. Not smart.

Any business considering moving or expanding in California should do so only if they are in a business where they can easily pass on the costs of the products or services to the consumer. Those costs will be higher than the rest of the country because of the crushing tax burden and regulatory hurdles. "Living Wage" ordinances don't help. Essentially, any business who has an out-of-state competitor will be in big trouble.

17 posted on 03/26/2002 3:17:32 PM PST by Dog Gone
[ Post Reply | Private Reply | To 16 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson