OK. I think I'm leaning toward voting for all the bond measures on the California ballot. I know the blogosphere was on edge waiting for this news.
I guess the clincher was seeing how it's projected that with all these new bonds, the state's debt-service ratio ("DSR" for you wannabe economists who enjoy acronyms) will peak at about 6% of state revenues (see handy graph below).
Shit, if my DSR were 6%, I'd spring out of bed dancing every goddamn morning.
Start sellin' da bonds!
As Alan mentioned, aren't these decisions what we elect representatives for? I had to spend a whole HOUR looking at my voter guide last night.
Just don't get me started on the "Sex Offender" and "Abortion Notification" propositions...