Geeky Weekly

2008 General Election: Proposition 3

PROP 3 - CHILDREN'S HOSPITAL BOND ACT. GRANT PROGRAM. INITIATIVE STATUTE.

The word BOND pops up again in Proposition 3, but this time it is for children's hospitals. That sounds like a noble cause so we should pony up $2 billion ($1 billion bond, $1 billion interest) for it right? I'm going to stick with my reasons for voting no on Prop 1A and say incurring any additional debt, no matter how small, is a bad idea for California right now. The proponents of the proposition (3 parents?) even say we should pass this bond because it "is one of the smallest bonds ever".

I'm going to vote NO on this one. There is a point where we have to stop piling on the debt. If these hospitals are so hard pressed for money then they need to request additional funding from the legislature, adjust their own budgets or look to private individuals for donations. Rich people love having capital improvements named after them

Tagged with: california, election, proposition, voting
Posted under: Political Stuff