As the first in a series of posts, let me give you a little background on what we’re doing, and where I come from when I decide how to vote on ballot measures.

Everyday for the next 12 days Geeky Weekly and I will post about the props in order at right around 6 pm. Now I’ve got a baby, and I know Geeky Weekly has a life, so if they don’t come at precisely that time, you’ll have to forgive us. We’re posting these completely independent of each other, so it will be interesting to see if there are any differences of opinion.

Before I post about Prop 1A, let me give you a little background on my approach. For the most part, if a ballot measure has the word “bond” anywhere in it, I usually vote no. In case you don’t know how bonds work, it’s basically the government taking out a loan. They sell the bonds now at a certain price, and then pay them back later with interest. I’m not sure if all bonds are sold at the same promised interest rate, but as you’ll see in this post, the bond measure for Prop 1A costs twice as much as it should (because of interest). I understand that for some “big” projects it makes sense to take out a loan, much like a homeowner doesn’t usually buy a house outright, but takes a loan and makes payments. The problem with California selling more bonds, is that we’re broke! Until Sacramento makes healthy spending decisions, there is no way I can support a bond measure that will saddle us with moe debt in the future.

Beyond bond measures, most propositions are either social issues or “fluff.” For the social issues, I of course lean to the conservative side, so you won’t be surprised there. For the “fluff” factor, anybody and their mother can get a proposition on the ballot, and I can’t remember seeing one in the last eight years that makes government bureaucracy smaller. So unless something about it strikes me as an important issue, I’m probably a no on anything that just adds to the size of government because some self-interest felt it needed to be on the ballot.

With all of that being said, here are the main places I’m looking to for how to vote. A great resource for a conservative point of view is Tom McClintock. You can also read the pro and con arguments in the Voter Guide. I’m even looking at the LA Times, but mainly because it lists a lot of donors, which can be a good indicator of whether or not I agree.

Now on to the props!

Prop 1A – SAFE, RELIABLE HIGH-SPEED PASSENGER TRAIN BOND ACT

My Summary: This would authorize the sale of $10 billion dollars in bonds to help fund a bullet train between Orange County and San Francisco. The estimated cost of the actual train is $45 billion.

My Opinion: There are a couple problems with this, the first being that it’s a bond measure. The $10 billion dollars in bonds will end up costing $20 billion. As a state we already have over $100 billion in bond debt, so should we really approve more? My other problem is, do we really need this? Like many in So Cal I’m stuck thinking about how far I want to live from work because the freeways are so congested, but instead of fixing that issue we’re trying to spend money on a bullet train? Are there that many people that need to commute between San Fran and LA? I highly doubt it. My last big problem is, I can’t find where the other $35 billion dollars is supposed to come from. From the voter guide: “Section 8(e) says the bond funds are “. . . intended to encourage the federal government and the private sector to make a significant contribution toward the construction…” So they want they state to go further into debt, when they don’t even have the rest of the money to complete the project? The whole thing sounds like a joke.

Bottom Line: This is a prime example of why the government is so pathetic at accomplishing anything. Until Sacramento can balance the books, I refuse to support bond measures. The proponents of the prop claim that it won’t raise taxes, but don’t be fooled. If it weren’t for the $100 billion in debt we are right now, there would be no budget crisis. The ballot measure itself might not raise taxes, but when it saddles the state with debt, someone will have to pay for it. Right now I don’t trust the politicians in Sacramento to cut anything, and when push comes to shove, the only alternative is to raise taxes.

I am voting NO on Prop 1A.

Make sure you visit Geeky Weekly for his take on Prop 1A.