Sunday, November 15, 2009

Water and Water Bonds

The Sacramento Bee Forum has two major pieces on the Schwarzenegger proposed Water Bonds.
Several of the key Republicans supporting this approach voted to block passing of the budget this year.
They used their minority votes to block the passage until they got the budget they wanted. - No new taxes_.  This led to $6.1 B cut in public school funds and devastating cuts in higher education.
In return, I will vote against their water bonds.
The state can not afford to borrow money by selling bonds.  Bonds become due. Existing bonds will soon use 10% of the state's revenue. ( More than high education).  More bonds lead directing to more cuts in health, education, and public safety.
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