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November 02, 2004
California Initiatives
I have conservative rules of thumb that I just invented for dealing with the questions of bond issues and initiatives.
#1. Initiatives are 'nice to have'.
If it were truly a compelling political issue, then the legislature would be dealing with it. That may not always be the case with California's especially wimpy legislature because they are so accustomed to punting to the voters at large.
This year it is especially obvious that the California Assembly is trying to get the voting public to cosign their girly resolve. I'm going to reject as much of that as possible. None of the initiatives gets the benefit of the doubt.
#2. Bonds Double.
This Children's Hospital bond for 750 million will cost 1.5Billion. The stem cell research bond for 3 Billion will cost 6 to pay back. It's no wonder these are on the ballot, because no legislator in his slippery right mind would dare try to pay for such stuff, attractive though it may be, when our deficit is so huge.
This is not the way to go. I'm sorry but I don't need stem cells. With three billion we might find a way to help what, 2000 cancer patients in 8 years maybe? I like Jerry's Kids as much as anyone, but spare me the telethon, and don't take it out of my taxes.
#.3 Immediate Taxes are Best
If you're going to tax me, let it be simple and direct. A half percent sales tax for police officers? That I can deal with. I still might not vote for 'A' depending on how charitable I feel. I feel that Bratton is doing a good job and I'm rather perversely proud that LA doesn't have so many donut-bellied cops per capita as the Windy City or the Big Apple. So the existing strategy works well enough.
Posted by mbowen at November 2, 2004 07:55 AM
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