
The Bond Deal – Look closely at it, and be prepared to vote NO
Today and over the weekend, high-level nogotiations are taking place among the legislative leadership and the Governor – the focal point of these discussions – infrastructure investment. In January, the Governor unveiled plans for a massive $222 billion ‘strategic growth plan’ for California, and a central component of his plan – a $68 billion general obligation bond. The response to the Governor’s plan was mixed — Democrats, who love to spend money were tepid or even critical in their response, unsure how to react to a massive spending plan proposed by their political adversary – the Republican Governor. Republican reaction to the plan was also mixed – unsure of how to respond to such a large spending proposal from the top guy in their own party. I know from my personal meeting with three members of the Governor’s senior staff the day of the State-of-the-State "Build it" address — that the Governor was keenly aware that this kind of large-scale spending proposal would be uncomfortable for conservative lawmakers, and other Republicans… Read More