New at – $100 Billion in Bonds for CA?

Reason’s George Passantino, a director on Gov. Schwarzenegger’s California Performance Review, examines calls for a $50-$100 billion infrastructure bond:

Just as a grocery store owner wouldn’t ask the alley-way drug addict to take the store’s money bag to the bank, asking Sacramento to take this bag of money anywhere is a fiscal disaster waiting to happen. The Governor has become fond of speaking about Sacramento’s spending addiction. How does giving them another $100 billion help?

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