
McClintock on the Ballot Propositions
Proposition 14 – Brewster’s Billions: NO. “Brewster’s Millions” tells the story of a fictional character in 1902, who, in order to inherit $7 million, must first spend $1 million in a year and have nothing to show for it. In 2004, California voters were convinced to spend $3 billion on Stem Cell research – or about $260 (plus interest) for every family in California. A recent report found that $2.1 billion went to beneficiaries with links to the board that doles out the money. That money is now all but spent, with nothing to show for it. So, they’re back with another bond, this one for $5.5 billion (about $478 per family). This is amusing only as fiction. … Read More