The guy who broke the capital appreciation bond story 20 years ago in Michigan broke it again in California. This is from April:
It’s insane that the idea of bond measures ever came about. It’s sad that our state government has been withholding mandated funds for years from our schools. Point blank, our schools are not even remotely being properly funded. Yes, CABs are pure evil, but let’s not lose the even bigger picture in all of this, that our future is being robbed as we fail generation after generation of kids.
Someone, I think it was “tra,” suggested here the crazy idea of taxpayers actually paying for school costs right when they’re due.
Poor tra. So naive. So behind the times. So not “with it.” tra needs to learn from the brilliant financiers. I believe Mitt Romney might be looking for a consulting gig. With clever folk from Security National in charge, maybe we can negotiate a discount from Mitt.
Oh I’ve got all kinds of crazy ideas. Like the crazy idea that when times are good, economically, we should restrain our spending and maintain tax rates (or even raise them), in order to build up significant reserves so that when times are tough we can maintain services, rebuild infrastructure and blunt the economic downturn without having to borrow massively on top of an already-massive national debt.
Why do you hate job creators, tra?
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