DEAR EDITOR:
When I went to the California Republican Spring Convention in
Burlingame last weekend, I had preconceived opinions on
propositions 56, 57, and 58. I was, and still am, going to vote
against Prop 56 because of what it will do to Prop 13. I was going
to vote against Prop 57 and for Prop 58.
DEAR EDITOR:
When I went to the California Republican Spring Convention in Burlingame last weekend, I had preconceived opinions on propositions 56, 57, and 58. I was, and still am, going to vote against Prop 56 because of what it will do to Prop 13. I was going to vote against Prop 57 and for Prop 58.
However, I have changed my position on Prop 57. This bond measure in not new debt. California spending has averaged more than 15 percent above income for the last five years using high-interest, short-term debt. Much of it comes due this summer. Prop 57 just refinances this debt at a lower interest rate. An analogy may be like paying your credit cards by refinancing your house at a lower interest rate. Not a good practice but it keeps the wolf away from the door.
Prop 58 will prevent the state from going on a spending binge like the last five years.
So I will vote NO on 56 and YES on 57 and 58. If 56 passes, our taxes will go up. If 57 fails, a group of bankers could be telling California what bills to pay, what bills not to pay. And 58 will be null and void.
Marvin L. Jones, Hollister
Submitted Tuesday, Feb. 24 to ed****@****ic.com
