To: Carry_Okie; NormsRevenge; SierraWasp; Amerigomag; tubebender; FOG724; editor-surveyor; Czar
I put that question to Finance Director Tom Campbell this week. His answer was direct: The money will come from borrowing -- not just money for bridges and roads, but also money for school programs and other services.
Ping!
To: calcowgirl
Even with the $15 billion in debt-repayment bonds voters approved last year, Campbell believes California still has more room to borrow. Debt service, now at just under 5 percent of the budget, could safely go to 6 percent, he believes. Cut up the credit cards? Hell, we're not maxed out yet!
4 posted on
09/29/2005 1:51:56 PM PDT by
Carry_Okie
(There are people in power who are REALLY stupid.)
To: calcowgirl
Quick, order more credit cards.
5 posted on
09/29/2005 1:53:05 PM PDT by
FOG724
(It's ilk season!)
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