Quote:
Originally Posted by Tervuren
For me, the budget area that irks me is "school debt" Why the heck can't a school save up some money for expansion, instead of keeping a huge debtload going and expanding again before the last one is paid off? Its a constant drain!
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I am a policeman in SoCal.
Several months ago, a city councilman (who is slippery, but I like him) came to roll call.
I asked him why we needed to "spend" every tax dollar that came in.
(for instance, my city just "found" almost 4 million dollars due to stronger than projected sales tax revenue and property tax revenue)
He wiggled, shifted his weight, hem-hawed and then finally used the term "managed indebtedness." In a nutshell, California city councils literally seek to spend every dollar that comes in because it is very prestigious to "fund projects" that "increase" the quality of life blah blah blah.
and so goes California, circling the drain.
I felt like throwing up.
In four years and one month I will go back home to Cincinnati, pay $350 to $400 cash for a home, buy as many apartments as I can afford (at $28 - $35 per unit ) and collect my $90k per year CALPERS pension for the rest of my life.