The voters in California have spoken. More accurately, they have shouted. They don't want to borrow $6 billion and pay the taxes required to pay back the money with interest.
The message could not have been more clear. California voters do not want to spend for earthquake rebuilding, college buildings, school classroom renovations, and parklans. Last Tuesday, they rejected four bond proposals that added up to $5.9 billion, the largest borrowing request ever presented to voters on a single ballot.