Comments on: School bond abuses: Ignoring the motive behind the scandals https://calwatchdog.com/2012/12/19/school-bond-abuses-ignoring-the-motive-behind-the-scandals/ Thu, 20 Dec 2012 04:22:55 +0000 hourly 1 By: Bob Smith https://calwatchdog.com/2012/12/19/school-bond-abuses-ignoring-the-motive-behind-the-scandals/#comment-30359 Thu, 20 Dec 2012 04:22:55 +0000 http://www.calwatchdog.com/?p=35761#comment-30359 Even if they did spend 30 year funds on proper capital projects they still don’t spend it well. Witness schools costing multiples of $100 million to build. I’m of the belief that this kind of capital spending is really compensation spending in disguise.

]]> By: SeeSaw https://calwatchdog.com/2012/12/19/school-bond-abuses-ignoring-the-motive-behind-the-scandals/#comment-30358 Thu, 20 Dec 2012 03:51:39 +0000 http://www.calwatchdog.com/?p=35761#comment-30358 Teachers are in the class room, Hondo–not borrowing bonds and acting as actuaries for their own pensions.

]]> By: Rex the Wonder Dog! https://calwatchdog.com/2012/12/19/school-bond-abuses-ignoring-the-motive-behind-the-scandals/#comment-30357 Thu, 20 Dec 2012 01:58:43 +0000 http://www.calwatchdog.com/?p=35761#comment-30357 I know they can understand the math behind these pensions and bonds. Borrow 100mil, pay back 1billion. They know this is utterly insane. They know they are destroying all future hope for this state. The greed of these people is off the scale.
Hondo….
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Those are capital appreciation bonds, but you are on the money the incompetence using them is off the scale,

]]> By: Rex the Wonder Dog! https://calwatchdog.com/2012/12/19/school-bond-abuses-ignoring-the-motive-behind-the-scandals/#comment-30356 Thu, 20 Dec 2012 01:57:20 +0000 http://www.calwatchdog.com/?p=35761#comment-30356 The fact that CAB are even used at all shows how financially incompetent these school boards are.

Even if used on buildings and long term capital projects instead of salary and day to day expenses, CAB are still a scam on the taxpayers.

]]> By: Sean Morham https://calwatchdog.com/2012/12/19/school-bond-abuses-ignoring-the-motive-behind-the-scandals/#comment-30355 Wed, 19 Dec 2012 22:26:50 +0000 http://www.calwatchdog.com/?p=35761#comment-30355 The state as a matter if course takes on debt to pay for day-to day spending. This adds to the gross fiscal incompetence at the state level.
The electorate keeps endorsing the past by continuing to elect these fools. The Feds do the same thing. A price will need to be paid. I suspect that some of the state and local “servants” (and/or their successors) will be paying (in the total picture) a small portion of the price, however severe it may be. Those paying the larger portion of the price will seek appropriate retribution, and will deal it out accordingly. A new era. “Peace, Love, Justice, No Mercy.”

]]> By: jimmydeeoc https://calwatchdog.com/2012/12/19/school-bond-abuses-ignoring-the-motive-behind-the-scandals/#comment-30354 Wed, 19 Dec 2012 21:56:14 +0000 http://www.calwatchdog.com/?p=35761#comment-30354 30 years? Most actuarial tables suggest that’s close to my use-by date. I may make it. Might not. It’ll be a close call….

We’ve all heard of many proverbs (May the Lord hold you in the palm of his hand, etc.)

21st century addition: “May you be the last one out before the house of cards completely collapses.”

]]> By: us citizen https://calwatchdog.com/2012/12/19/school-bond-abuses-ignoring-the-motive-behind-the-scandals/#comment-30353 Wed, 19 Dec 2012 20:57:11 +0000 http://www.calwatchdog.com/?p=35761#comment-30353 ditto

]]> By: Hondo https://calwatchdog.com/2012/12/19/school-bond-abuses-ignoring-the-motive-behind-the-scandals/#comment-30352 Wed, 19 Dec 2012 20:38:36 +0000 http://www.calwatchdog.com/?p=35761#comment-30352 The selfish short term interests of the teachers unions are astounding. I know they can understand the math behind these pensions and bonds. Borrow 100mil, pay back 1billion. They know this is utterly insane. They know they are destroying all future hope for this state. The greed of these people is off the scale.
Hondo….

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