The bonds in question are not Intitiative Statutes put on the ballot via Hiram Johnson's petition process, they are Legislative Bond Acts, placed on the ballot by the legislators. That is their job as representatives, to vote on whether they think the action is sound, the law is appropriate, etc. That is the way our Constitution is written, which I highly favor over mob rule (direct democracy). The process provides for a two-tiered approval process, first the legislators and then the electorate.
Some of the most horrendous destructive laws have been created through the direct democracy process. The complicated nature of the laws, combined with no requirement to be truthful in promoting them, has led to their passage. Under the guise of the "Traffic Congestion Relief and Spending Limitation Act,” voters in 1990 chose to unknowingly wipe out the Gann Spending Limit that had been in place for more than a decade. There are many more examples.
Do I understand what I posted? Absolutely!
Do you?