Over the Thanksgiving holiday, I’m sure everyone enjoyed some turkey. Well, there is another turkey being talked about in Sacramento – a public policy turkey. There is a lot of talk swirling around about a potential massive infrastructure bond measure that would be of epic proportions – numbers that have been talked about range from $50 to $100 billion (how many zeroes is that? Hmmm…$100,000,000,000.00). Anyways, you can read plenty about my thoughts on this in my commentary today.
Jon Coupal, the respected President of the Howard Jarvis Taxpayers Association has penned an exclusive column for today’s FlashReport where is eloquently lays out the reasons why such a bond measure would be poor public policy, and bad news for California taxpayer.
In all of my conversations that I have had with folks about this potential bond package, I have yet to find anyone enthusastic about it. At best have been some who feel that California does need to address infrastructure needs, but that there is more than enough money being provided by California taxpayers NOW to pay for these needs. The Democrat controlled legislature has preferred to take funds that should be going for infrastructure, and instead are spending it on countless entitlement and social engineering programs.