Keyword: bogusbonds

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  • If (CA) voters reject bond, (Props 57 & 58) 'chaos' may NOT ensue!!!

    01/24/2004 9:03:38 AM PST · by SierraWasp · 31 replies · 203+ views
    San Diego Tribune ^ | 01/24/04 | Ed Mendel
    If voters reject bond, 'chaos' may not ensue -------------------------------------------------------------------------------- Davis package would act as fallback if court upholds it By Ed Mendel STAFF WRITER January 24, 2004 SACRAMENTO – Gov. Arnold Schwarzenegger may have a problem as he launches a full-scale campaign to overcome voter skepticism about a $15 billion fiscal-recovery bond measure on the March 2 ballot. It's not entirely clear that voter rejection of Proposition 57 will, as the governor has warned, result in "economic chaos," "Armageddon cuts" in services, or leave no choice but to "drastically increase taxes." If the governor's bond is rejected, the state simply...