Focus On A Boondoggle
The Sacramento Bee's, Dan Walters, takes another look this morning at California's High Speed Rail Bond boondoggle. A number of you voted for that when it was on the ballot a few years ago.
Looks now like even more people are questioning the validity of claims made about the project, including some I wouldn't of expected to. Apparently some residents of the San Francisco peninsula- who I would of expected to be all behind something like this- have been opposed to it from the beginning. A growing number of people are seeing this project as the bottomless money pit that it is.
I've said before, here and elsewhere, we need to stop the sale of these rail bonds. I believe the stem cell boondoggle bonds have already been sold but the high speed rail bonds haven't. My question is, can the legislature stop the sale of bonds authorized by voters or do we need another ballot initiative to clean up the mess we made by passing this one?
posted by Fred Mangels @ 8:18 AM
4 comments
4 Comments:
High speed rail isn't light rail.
Oops. Got it right in the first paragraph. Wrong later. Fixed.
Are there still idiots willing to buy Calif. bonds?
Good point. Our lousy credit rating might be a mixed blessing an nobody will buy them.
Next question: If we needed a ballot initiative to retract those bonds, would the voters reject it?
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