If not for the energy ripoffs, California would be in no worse situation than Texas and other GOP-run states.
Bonds have already been sold to finance the power fiasco, so that problem is NOT in the present $30-39 billion deficit. Therefore, WE ARE IN A MUCH WORSE SITUATION THAN ANYSTATE.
It's against the law to float bonds to finance the day to day government of CA and has been since 1879. Bonds have to be for single use, i.e. building schools, parks etc. Even if they raised a new revenue stream via an increase in the sales tax to pay the principal and interest THEY WOULD BE IN VIOLATION OF STATE LAW. That's what Joe Davis is proposing, violating the law. How's that for details.
The Constitution of the state will have to be changed to allow bonds to be sold for general use. That would mean the legislature no longer would have to ask permission via voter approval to sell bonds. The sky would be the limit.......wait .......they already think it is.
The car tax will triple the taxes on people living in motorhomes, I bet they are not very happy campers, especially if they are living on fixed incomes. Joe can't be making very many friends by this illegal manuever and it is illegal, it will just take a couple of years for it to get through the courts.
Many CA governors have been threatened with recall, some several times but Joe will be the first to acutally enjoy it. Recall is legal, he doesn't have to be accused of rape or theft, just incompetency in the minds of 10% of the voters. You can thank us later. |
