When Will They Ever Learn?

California

An agreement is rumored to be near for adoption of a $9 billion general obligation water bond. The bond will cost the general fund roughly $18 billion, including interest (or $600 million a year EVERY year for the next 30 years) and is being pushed at a time when the state is running an unprecedented deficit due to unsustainable increases in spending.

The measure is being touted as a response to increasingly tight water supplies, although only $3 billion – at most – will be used for surface water storage. This despite SIX other bond acts over the last 11 years that have totaled $17 billion, ALL promising to solve our water shortages.

Two other notes. First, nearly HALF of our water is now being used to meet various environmental mandates. Although additional facilities are certainly needed, our current "crisis" is largely the product of environmental extremism. And second, $7.1 billion from the two water bonds approved by voters last November still has not been appropriated.

http://www.carepublic.com/blog.html?blog_id=204&frompage=latestblog&domain=tom_mcclintock