Anti-HSR Bond Initiative Qualifies for November Ballot
Well, this is unfortunate:
Two of Gov. Jerry Brown’s favorite projects — building a high-speed rail system and a pair of massive tunnels under the Delta — face a serious threat if California voters pass a measure heading for the November ballot.
The “No Blank Checks Initiative,” bankrolled with $4.5 million from Stockton farmer and businessman Dean Cortopassi, would require a public vote on any state project in which $2 billion or more in revenue bonds would be issued. And since both the bullet train and twin-tunnels projects would most likely require that kind of financing, voters could ultimately get a chance to decide their fate.
The reasons Cortopassi gives for this are patently absurd:
“I am concerned about my grandkids’ generation,” Cortopassi said. “There’s too much debt in our state. I’m 79 and my wife is going to turn 80. This isn’t about us. It’s about the red ink, the pension liabilities and the fact that the state doesn’t pay its bills.”
The problem that young people face isn’t debt, it’s that old people like him have benefited from a generous public sector that they now seek to destroy. Old people like him have taken away the free college and affordable housing they enjoyed. Now they want to deny young people opportunities and infrastructure that can help them build a better, cleaner, more sustainable future.
Cortopassi says he’s worried about debt. What he’s actually going to leave is drought, rising sea levels, pollution, and joblessness.
Let’s hope this proposition goes down in flames this fall.