[Hildy]

I heard Arnold talking about this. He said it's ONLY refinancing. He's not a politician. He's not standing around waiting to hand out goodies. I believe him. He said it's the start of getting back on track. Consolodating and refinancing doesn't seem like such a bad idea to me.

[Sabertooth]

I heard Arnold talking about this. He said it's ONLY refinancing.

Then vote for more debt and spending. I'll vote against both.

[TheAngryClam]

Uh, yes Arnold is a politician. That's what that whole election was about and all.

[FirstPrinciple]

OK. This is what I am having a hard time convincing people. This bond measure will do nothing to solve CA's problem. It will be used to pay for the daily govt activities of CA. It will not go into any economic expansion that will provide dividends in the future. This money will be flushed down the drain because it is going to finance inefficient govt programs that need to be gotten rid of. Since this money will produce no economic growth, how do you think the CA treasury will have money all of a sudden to pay it back. Seriously, Arnold and Co. is looking into an 8 ball and hoping for an economic revival in CA that will pay off this debt. Noone is sure when or whether it will happen at all. Without fundamental fiscal and economic reform, it will not happen. As such, at some point the federal govt has to step in to pay off CA's debt. We will hear of children dying on the streets and families having to choose between food and clothing. The choice for Arnold is simple - cut the size of the govt.