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To: John Jorsett; Ernest_at_the_Beach
These long term bonds are the way that congress got us into staggering debt after WWII.

In Kali they are a socialist scheme of getting by prop 13 and the so called debt limits which are not there after Davis et al. "Taxpayers will be nailed at home in terms of property taxes for local school bond measures and then nailed in terms of general state taxes for any additional bonds that might be issued," says Lew Uhler, the Sacramento-based president of the National Tax-Limitation Committee. "It's going to be a nightmare."

Then there is this little goodie: McClintock has taken to traveling with what he calls the California Debt Clock.

"We're adding over $1 million in new debt per hour, and that's all money that will be tacked onto your future taxes unless we restore sound fiscal management to this state," McClintock says.

"The debt clock helps us communicate to fellow Californians that we need to eliminate the waste and out-of-control spending that's driving up our debt and fueling the call for more taxes," he says.

25 posted on 07/01/2002 10:38:55 AM PDT by Grampa Dave
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To: Grampa Dave
Gee , that's the first I heard of that!

Wonder why the media hasn't had a word on that? /sarcasm

26 posted on 07/01/2002 10:45:21 AM PDT by Ernest_at_the_Beach
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