Posted on 05/08/2006 7:53:22 PM PDT by NormsRevenge
California Gov. Arnold Schwarzenegger, center, speaks during a news conference as Los Angeles Mayor Antonio Villaraigosa, left, and Assembly Speaker Fabian Nunez, right, listen Monday, May, 8, 2006, at the Million Air terminal in Burbank, Calif.
Education: The proposal authorizes the placement of a $10.4 billion general obligation bond to fund K-12 and Higher Education on the November 2006 ballot.
Housing: The proposal authorizes that a $2.85 billion general obligation bond providing homeownership, rental, and permanent housing opportunities be placed on the November 2006 ballot.
Levee Repair and Flood Control: The proposal authorizes the placement of a $4.09 billion general obligation bond to repair and maintain levees and improve the flood control systems in the state on the November 2006 ballot.
Transportation: The proposal authorizes the placement of an $19.9 billion general obligation bond to fund repairs, reduce congestion, improve bridge safety, expand public transit and improve port security on the November 2006 ballot.
We have to just be smart enough to vote no on all bonds.
Was the smart part borrowing another $37.3 BILLION???? How exactly do they ever expect to get out of debt if they just keep passing bonds for stuff they can't afford now?
And now Arnold (= just another socialist masquerading as a Republican who fooled the Conservatives, is that JASMARWFTC?, Nah, let's just call him what he is, a backstabbing SOB) proposes to solve this problem by introducing ANOTHER $35+ billion dollars of debt.
There is no question in my mind that California, along with it's vast wealth of businesses and real estate, is merely cargo in the bow hold of the Titanic. Picture at eleven.
It used to be a lot easier to find the debt load a couple years ago.. Funny how that changed , eh?
we were close to 50B not so long ago,,
Ya...I am a Republican...see...can't you see?!??
Here's a link with a bunch of info re: debt
http://www.treasurer.ca.gov/bonds/debt.htm#apr_06
includes General Obligation and revenue
Bonds info.. at the bottom is the
April 2006 summary total
http://www.treasurer.ca.gov/bonds/debt/4-05/sum.pdf
And tell me again just how much these bonds will be worth when the better part of Leftafornia slides into the Pacific with an 8.0 earthquake?
I'd laugh if it was an political hoax or a scene from a soap opera. But it isn't, is it?
So why not spend another $35M. What the heck!
Investing in California's futures
make that
Investing in Wall Street's bonding houses futures
Just get the word out to at least a hundred people that a bond is a new tax on you that you pay.
This is the best I've been able to find lately (from p.B-4 of the Debt Affordability Report). I think it all adds up to about $85 Billion.
With this new $37 Billion "terrific" plan, we'll *really* be sitting pretty! /s
http://www.treasurer.ca.gov/publications/2005dar.pdf
General Fund Debt
Bonds Outstanding and Bonds Authorized But Unissued
As of July 1, 2005, the State had a total of $34.644 billion in voter-authorized general obligation bonds outstanding (this number excludes the $10.9 billion of Economic Recovery Bonds sold to date) and a total of $30.438 billion in authorized but unissued bonds. In addition, the State has legislatively authorized General Fund-supported lease revenue bonds in the amount of $7.841 billion outstanding and $3.320 billion authorized but unissued.
Thanks. Looks like you were right. $100B authorized and $50B outstanding.
So why not spend another $35B. What the heck
Good links! Thanks!
I usually just find Phil's personal pages congratulating himself and give up looking in disgust.
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