Talk about a slippery slope. Talk about "moral hazard."
There’s a lot about this project that I don’t understand, bonds are part of that.
I am also wondering about how much of this money is stimulus money because there are already restrictions on that money and the jobs created by it, that hey pay prevailing wages to union members only.
So, are they going to unionize all the illegals in San Pedro and surrounding area?
>>It would be fiduciary irresponsibility to fail to take the government’s bribe
LOL. Good point. I do not question that the bonds were sold (or are being sold). I just haven’t followed the details to be able to speak to the status off the top of my head. The State Treasurer issues a report every year called the “Debt Affordability Report.” It usually wraps up the status of all things bondage. I haven’t read it in a couple of years, though. So many things to research, so little time...