Show me some numbers that indicate how it's going to be paid for. At present, you're either going to have to raise taxes or cut other services (or perhaps some combination of the two), and both require a certain amount of political will and cooperation between government and citizens. What are you willing to give up for this project, and why should anybody else be willing to give up that same thing? What kind of interest rate are we going to have to pay on the money borrowed to fund this? Considering the state's current credit rating, it's not going to be a great rate. Depending on who you listen to, we're looking at from a couple of years to a decade to get the economy back on track (I'm disregarding the Chicken Little types who are forecasting the end of the world as we know it).
Personally, I'd also like to know more about the design of the proposed system. Is it easily adaptable to improvements in technology, or does it dead-end if something like affordable room-temp superconductors pop up, forcing the whole thing to be torn up and rebuilt? Is the whole system forward looking or bound to present tech?
Until state debt is gotten under some sort of control (difficult while the state initiative system makes it so easy for the voters to make idiotic decisions about mandated spending), I tend to automatically vote 'no' on bond issues. Spending money you don't have in uncertain economic times when you don't have a realistic vision of where the funds to pay it back are going to come from is a bad idea, no matter how desirable the project being funded may be.
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timeasmymeasure
no subject
Date: 2008-10-07 11:26 pm (UTC)Personally, I'd also like to know more about the design of the proposed system. Is it easily adaptable to improvements in technology, or does it dead-end if something like affordable room-temp superconductors pop up, forcing the whole thing to be torn up and rebuilt? Is the whole system forward looking or bound to present tech?
Until state debt is gotten under some sort of control (difficult while the state initiative system makes it so easy for the voters to make idiotic decisions about mandated spending), I tend to automatically vote 'no' on bond issues. Spending money you don't have in uncertain economic times when you don't have a realistic vision of where the funds to pay it back are going to come from is a bad idea, no matter how desirable the project being funded may be.