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Dear California voters,
I want to congratulate you for self-approving us with new credit cards. With the election yesterday, we took out a credit card (I think they are called bonds) with a $43 billion credit limit. But by the time they are paid back, it will cost us close to $100 billion. Of course that’s an addition to the $49 billion we already have outstanding and the extra $31 billion of an old credit card that we must have forgotten about and haven’t touched yet.
You taught me that it’s ok to open credit lines and buy both luxuries and necessities using the credit card, even if it will cost me more to do it that way than to actually prioritize it and build it into my budget. I thought that I’m supposed to learn how to save, and save for things like rainy days, but I guess, that’s not something that’s politically expedient or correct or something.
I cannot wait to drive in the central valley and show my daughter how nice those levies look. Finally, if in 10 years our roads are not better and traffic is not lighter, is there anyway you can help me get a refund?
Sincerely,
Eddy E
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That’s why i voted against all of the bonds except levees. Don’t borrow money to fund schools. They should be funded out of the general budget. Same goes for homeless housing. If you can’t balance the budget, bonds are not the answer.