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Articles Tagged: "State Bonds"

State Bonds

ARTICLE: California Bonds Fail on Bad Advice from Wall Street

The Bloomberg Press reports on how Goldman Sachs Group Inc., JPMorgan Chase & Co. and Citigroup Inc. convinced California to sell its bonds under a "special deal" in exchange for a better long-term arrangement. This deal lead to one of the worst bond markets in recent history and millions of dollars in losses for the state.

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Filed Under: News

Damn the Economy! Full Taxation Ahead!

These are creepy times for taxpayers -- the creepiest in memory. Between the state and local ballots, there are hundreds of measures that would increase the burden on taxpayers. If all or most of these tax increases and bonds pass, it will be Halloween every day as taxpayers are compelled to dole out big dollar treats to our political class.  Read more >>

More Debt? You've Got to be Kidding!

Even in the best of times, the three major bond proposals on the November ballot would merit a thumbs down. Propositions 1A, 3, and 10 would put taxpayers another $16 billion in debt to fund some dubious projects.  Read more >>

Voters Shut Out of Prison Bond Debt Decision

Like most political decisions made under duress, there are legitimate questions as to whether the deal reflects good public policy -- or whether it was even legal.  Read more >>

Stunning Taxpayer Victories Tempered By Debt Doubts

In politics, sometimes you eat the bear and sometimes the bear eats you. Just ask the national Republican Party.

However, there is no doubt that California taxpayers "ate bear" last week by scoring some great electoral victories. First, the four statewide tax increase measures on the statewide ballot were soundly defeated. Propositions 86, 87, 88 and 89 would all have increased taxes on somebody and would have resulted in additional costs to everyone.  Read more >>