Let me debunk two myths underlying every bond
measure on this November's ballot—two big
myths that make it ever less affordable for you
and your children to live in California.
Myth One: Bonds are freebies. You get something
without paying for it. Someone else pays.
Fact: A bond is a loan. When California
"sells" a bond, it's actually borrowing
money from the bondholder. Then the money is
repaid—with interest. With your taxes. So
you not only pay for the bond after all, you get
to pay extra.
But why worry about tomorrow? Well, that's the
attitude voters had when they passed bond measures
10 and 20 years ago—for which you're still
paying today. California suffers from a debt
crisis and crumbling infrastructure partially
because much of today's high tax revenue is used
to pay off old bonds, leaving less money for
today's expenses. Want to do something "for
the children"? Then don't pass a new
bond. Otherwise you'll either cripple them with
even higher future taxes or drive them (and your
grandkids) out of California when they grow
up.
Myth Two: If a bond doesn't pass, our schools,
highways, hospitals, and libraries will go
unfunded.
Fact: The money's already there to pay for
these things.
Think about it. Ever notice that it's the
popular items that appear on bond measures? You
never see bonds for overpaid supervisors,
diversity consultants, and teddy bear
giveaways. Yet California wastes money on such
nonsense—money it can easily shift to
schools, highways, hospitals, and libraries. But
the politicians don't want to.
It's an old trick. The politicos collect X
amount of tax money. Some of X goes to popular
items. Some is wasted. But there's never enough
money for everything. What to do? The politicians
and bureaucrats don't want to cut the waste, and
they know you won't approve bonds for waste. So
they instead cut back on the popular stuff, then
whine that there "just isn't enough
money" to fund them. Not unless you pass a
bond measure.
They lie. State and local government is rolling
in money. Just read the report from Citizens
Against Government Waste & The Howard Jarvis
Taxpayer Foundation at:
http://www.cagw.org/site/PageServer?pagename=reports_CApiglet05.
Then read the report from the California
Taxpayers Association:
http://www.caltax.org/issues/fraudwaste.html. These
reports itemize billions of tax dollars in fraud
and waste. Consider some choice items:
- In 2004 the city of San Jose contributed
$815,000 to subsidize the Champ Car World
Series--a $3 million private auto race.
- In 2004 the Los Angeles Community College
District announced plans to spend $240,000 a year
to the MWW Group public relations firm for an
"image-boosting" campaign. This in
addition to the $340,000 it spends every year on
its six in-house PR staffers.
- In 2005 the High Desert School District
approved a $1.2 million compensation package for
Victorville's elementary school superintendent,
Ralph Baker. This package included a $250,000
first-year salary with $10,000 annual raises, plus
a $200,000 bonus, plus benefit packages for him
and his wife.
- In 2005 the State Auditor reported that
some school districts don't reassign students into
regular classrooms once they become fluent in
English, because they want to keep state subsidies
for their English Learners Programs. "The
total funding for the three largest English
learner programs in California is estimated to be
$605 million in 2003-2004."
- In 2004 the city of Livermore spent
$40,000 on a ceramic mural outside a
library—a mural that had 11 misspelled
names, including Van Gogh, Einstein, Shakespeare,
and Michelangelo. The city council then approved
an extra $6,000 to return the artist, Maria
Alquilar, from Miami to make the corrections.
- In 2003 San Juan Capistrano spent $275,000
on archway etchings, metal cutouts of swallows,
and other decorations for a freeway wall. Council
Member David Swerdlin said the artwork
"breaks up the monotony" for
motorists.
- In 2000 the DMV spent $125,000 on a
promotional teddy bear giveaway.
Yes, I know it's only $10,000 here and $100,000
there, but I've barely grazed the surface. Check
those websites. The fraud and waste add up to
billions.
Don't let politicians, and their activist and
government union shills, scam you. Vote down every
bond. Then demand that they cut the waste from the
budget and instead fund our schools, highways,
hospitals, and libraries—minus the fraud and
abuse—with the huge amounts of tax money
we've already forked over.
# # #
[Editor's note: See also the excellent analysis of the proposed 2006 California bond issues by the Reason Foundation: http://www.reason.org/california/index.shtml]