[calcowgirl]

Prop. 1A Transportation Funding Protection: YES!

Yet another issue upon which I and the honorable Senator McClintock disagree.

Yeah, me too. I'll be voting NO on Prop 1A. I think it's totally window-dressing (smoke and mirros) AND it lets them defer all prior borrowed monies for a longer time period. Under existing law, all monies need to be paid back by 2009. Prop 1A extends it to 2016.

LAO: "In addition, the measure lays out a new schedule to repay the Proposition 42 suspensions that occurred in 2003‑04 and 2004‑05. Specifically, the suspended amounts must be repaid and dedicated to transportation uses no later than June 30, 2016, at a specified minimum annual rate of repayment."

[Amerigomag]

"In addition, the measure lays out ...

Bingo.

As Senator McClintock points out, there are many aspects to Prop 1A.

The hidden agenda behind Prop 1A, for the governing class, is not infrastructure improvement but rather rescheduling debt payments to meet the demands of the bond market ... to facilitate borrowing in excess of 6% of spending.

The infrastructure ploy is simply window dressing that conveniently lines the pockets of major donors to both parties. Senator McClintock is well aware of these facts but, alas, he is also committed to remaining a significant influence in the governing class

You get an A gal.

[Amerigomag]

It was a political godsend for Schwarzenegger, even though it left many wondering why Democrats were so willing to give a Republican governor such a boost. The puzzlement continues, but the bond package is now on the November ballot, along with a $5.4 billion water and parks bond placed on the ballot by an initiative.

Your observation is a logical answer to the public quandary suggested by Mr. Walters today.