{"id":3717,"date":"2006-11-07T00:28:58","date_gmt":"2006-11-07T08:28:58","guid":{"rendered":"http:\/\/www.kith.org\/journals\/jed\/2006\/11\/07\/3717.html"},"modified":"2006-11-07T00:28:58","modified_gmt":"2006-11-07T08:28:58","slug":"california-bond-measures","status":"publish","type":"post","link":"https:\/\/www.kith.org\/jed\/2006\/11\/07\/california-bond-measures\/","title":{"rendered":"California bond measures"},"content":{"rendered":"\n<p><a href=\"http:\/\/www.sfgate.com\/cgi-bin\/article.cgi?file=\/chronicle\/archive\/2006\/11\/01\/EDG6PKE0RI1.DTL\">The San Francisco <cite>Chronicle<\/cite> recommends voting yes on all the bond measures<\/a>.  Excerpt:<\/p>\n<blockquote>\n<p> The governor backs the bonds, and so does his opponent Phil Angelides and the Democratic leadership in the Legislature. Opposition is limited to anti-tax groups, who are instinctively averse to bond borrowing.<\/p>\n<\/blockquote>\n<p>I do share some of that aversion to bond borrowing.  But according to a Reuters article, <a href=\"http:\/\/elections.us.reuters.com\/extras\/news\/usnN03277004.html\">Wall Street doesn't have a problem with these particular bonds<\/a>:<\/p>\n<blockquote>\n<p>\"The rating agencies are very constructive about it,\" said [portfolio manager] George Strickland[....] \"They don't see any big risk. They believe California has the capacity to add that kind of debt.\"<\/p>\n<p>[...]<\/p>\n<p>With more than $50 billion in bonds outstanding, the prospect of an additional $42 billion in debt appears daunting to many. But David Hitchcock, managing director at Standard & Poor's in New York, said California's economy is growing at a solid pace, providing enough revenue to pay the state's existing debt and any approved on Nov. 7.<\/p>\n<p>\"Debt service wouldn't be more than about 6 percent of the general fund,\" Hitchcock said, noting that would be a level of little concern to Wall Street.<\/p>\n<\/blockquote>\n<p>And so on.  Worth reading the whole article.<\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>The San Francisco Chronicle recommends voting yes on all the bond measures. Excerpt: The governor backs the bonds, and so&#8230;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-3717","post","type-post","status-publish","format-standard","hentry","category-politics"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.kith.org\/jed\/wp-json\/wp\/v2\/posts\/3717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kith.org\/jed\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kith.org\/jed\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kith.org\/jed\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kith.org\/jed\/wp-json\/wp\/v2\/comments?post=3717"}],"version-history":[{"count":0,"href":"https:\/\/www.kith.org\/jed\/wp-json\/wp\/v2\/posts\/3717\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.kith.org\/jed\/wp-json\/wp\/v2\/media?parent=3717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kith.org\/jed\/wp-json\/wp\/v2\/categories?post=3717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kith.org\/jed\/wp-json\/wp\/v2\/tags?post=3717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}