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What happened to “Live Within Our Means?”
I trust that had a great Thanksgiving Holiday! This will be a busy week at the FlashReport, so I hope that you will check back to this site each and every day! Today’s featured column was written exclusively for the FlashReport by Jon Coupal, President of the Howard Jarvis Taxpayers Association. Entitled, Massive Bond Threatens State’s Future, Coupal walks us through the reasons why now is exactly the wrong time for the state to be looking at further leveraging its precarious financial position with a mega-bond (I’ve heard numbers ranging from 50-100 BILLION dollars) deal. From what I have heard so far, one idea being bounced around is to borrow this huge some of money, and use current moneys that are spent on construction and infrastructure to pay off the principle of that loan. Then we would pay the interest of that loan with general fund dollars.… Read More