[pogo101]

his bond issue is nothing more than a band-aid which puts off the inevitable and piles 6 BILLION DOLLARS OF INTEREST ON A 15 BILLION DOLLAR BOND

Well, on the one hand, I voted no on the bonds (57). But on the other hand, that's because I want spending hacked, not because it's a bad idea per se to refinance high-interest debt to obtain a lower interest rate. So, yes, it's going to result in $6B interest ... which is a heckuva lot less than what we'd pay in interest if we didn't refinance ... AND if we don't hack spending (which is my preference.)

[kellynla]

Well if we are successfull against Propositions 55-58 and we hold RINOld's and the legislature's feet to the fire maybe we can still reach our goal of a balanced budget without more taxes, fees and bonds. The problem has never been revenue. The revenue has gone up every year. The problem is that they are spending more and more and more each year than they are bringing in.