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Vote 'no' June 6
on Propositions 81 and 82
Just two decades ago,
the state's 1986 debt was $4 billion. Today it is
$50 billion. It's time for California to halt
runaway debt and begin paying down what's owed.
More books, not more red ink
Prop. 81 isn't the biggest
bond measure on the ballot, but we still can't
afford it
Two kinds of books are at work with
Proposition 81. The first are the library kind. The
bond would spend $600 million on constructing and
renovating local library facilities.
Just what we need – more
bureaucracy
Once again we are about to be drowned in
election spin and emotional appeals aimed at
obscuring the facts. Most of them will never make it
to the ballot, but the hype we will have to suffer
through is about to begin...
For taxpayers,
bonds are a gamble
Although an
analysis by Elizabeth Hill, the state's legislative
analyst, concludes that next year California will
return to the structural deficit conditions created
by the disgraced Gray Davis and his big-spending
allies in the Legislature, the current governor and
lawmakers are already discussing how to spend the
additional revenues on program expansion.
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