California has Enough Debt. It Doesn’t Need $10 Billion More for a Climate Bond
Imagine using your credit card to buy something, knowing that by the time you finish paying off the debt, you’ll have spent nearly double the original price due to interest. It’s a poor financial decision most of us would avoid.
Yet this is precisely what Democrats in the state legislature are asking California taxpayers to do with Proposition 4: add $10 billion in bond debt — with billions more in interest — to pay for ambiguous, short-term, so-called “climate” programs.