Free Republic

Last week, the board of the Los Angeles Unified School District voted to place yet another multi-billion bond measure on the ballot. This $3.8 billion proposal is, of course, on top of the $9.5 billion in bonds that have been approved since 1997, the most recent, less than 18 months ago. Of course these figures do not include interest on the bonds which nearly doubles the taxpayers' obligation. It will be very interesting to see if voters, once again, allow themselves to be fleeced. To put into perspective the magnitude of these multi-billion dollar bonds, all one has to do...