Advertisement

Need for Bond Sale Seems Backward

Share

Let’s see whether I understand this. California used the proceeds of a gross overtaxation -- politically correct phrase: surplus -- to buy electricity for the people who were overtaxed in the first place (“California Kicks Off 1st Part of Bond Sale,” Oct. 24).

Now we are going to be taxed an additional $2.50 to $3.50 per month to allow the state to re-accumulate that surplus so the politicians can squander it or use it to balance the budget deficit that grew out of their profligate spending of the extraordinary revenue generated during the years of the dot-com “bubble.”

When did we follow Alice down the rabbit hole?

Harold W. Schieve

Whittier

Advertisement