School Districts Need to Do the Math Before Jumping in these CABs
General obligation bonds cost taxpayers more than their face value, but ten times more? A payment ten times the face value of a bond can occur with Capital Appreciation Bonds (CABs) that are paid off over 40 years. Just ask the good folks living within the Poway Unified School District in San Diego County, who […]
Give John Burton a Permanent Free Pass
Surprise, surprise. California Democratic Party chief John Burton isn’t going to pay any real price for comparing the GOP to Goebbels. He’s even gone back to California for a root canal – which is far better than a week in Charlotte. So let’s just turn off the outrage meters and the media coverage. And try […]
From Charlotte: Putting the “Me” in Team
Whereas last night Michelle Obama was graceful and heart-warming and showed the kinder, gentler side of the Democratic party, tonight we saw a markedly different side – one that FIGHTS back and boy did they ever. Not only was President Bill Clinton his charming, avuncular self but he was also tough and funny and direct […]
To Everything There Is A Season
Alan Lowenthal started his legislative career in Sacramento about the same time I started in my current position. Over the years I opposed a number of bills introduced by the Senator. The running joke in many speeches I’ve given in past years was that his name came up so frequently at my family dinner table […]