
Bond$ – Problems abound…
For those of you up late, there is still no update out of the legislature. There is a lot of discontent among GOP legislators over the SUBSTANCE and the PROCESS tonight. I’ve spoken personally with five members tonight who were quite frustrated at the ‘expectation that they would feel comfortable voting on something with which they are unfamiliar, and which they have not had an opportunity to adequately review.’
PROP 42 "FIX" PROBLEMS – NOT TIED TO BOND PASSAGE – AND OPPOSED BY CTA Problems with the package abound — from the ten-ton gorilla, this multi-billion dollar ‘housing’ bond (this is code for government redistribution of wealth — borrowing from all of the taxpayers to subsidize one segment of the population), to factors such as the fact that the Prop. 42 fix is not in any of the bond packages, but, rather is introduced as a separate ballot measure. There is no language stating that the 42 fix must pass for the bond measures to go into effect. This becomes important because the… Read More