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The "Selling" of Bonds--Truth Not Needed, Just Potential Promises

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  • The "Selling" of Bonds--Truth Not Needed, Just Potential Promises

    "An $11.14 billion state bond proposal, if passed, could give Mendocino County a shot at its share of millions in funding for water projects, according to a release from the Governor's Office." Note the weasel word "could".

    The bond might, could,maybe, possibly, could happen, but the politicians will decide in the end. In 2006 we passed $10 billion worth of bonds with similar promises, "coulds'" and maybe's. Have you seen that money? Dozens of projects were noted as possibilities---and that is all they were. No guarantees--just the infamous government "could".

    Now you know why California is in a Great Depression. We "could" stop the out of control spending--but won't.

    Time to end the charade of bonds--they are mostly promises made by special interests for their benefit--not yours.

    When this $22 billion boondoggle gets on the ballot ($11 billion in principal and another $11 billion in interest--total cost is $22 billion), tell the denizens of Sacramento and the special interests "not this time".

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