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California Water Bond Delayed Until After 2012 Election

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California has postponed an $11-billion water bond offering, putting it off until after the 2012 election.

The Los Angeles Times writes:

"Backers said the bond measure would pay for improvements to ensure the quality and reliability of California's water supply, but recent polls show voters' support falling short on having the state take on the additional debt.

"The bond measure would authorize the state to pay for expanding underground and surface water storage, restoring the Sacramento Delta ecosystem and efforts to clean up existing groundwater, among other things."

"Other things"? Sounds like someone's got some pork up their sleeve.

Whoa! Hold the phone! They do! And here I am, still thinking that politicians are always on the up-and-up. I mean, isn't that why they got elected? Because they're so honest and forthright?

As it turns out, Sen. Lois Wolk (D-Davis) has "criticized the bond for including money for economic development projects, a water taxi service at Lake Tahoe and the construction of water education centers, saying that spending is not directly related to improving water quality."

"It is fiscally irresponsible," she said. "We need to repeal it, revise it and refocus it on the true needs of California."

Like not spending money on "water education centers" and water taxis for rich people. But hey, look at how much better they're doing--the Golden State is less likely to default than Iraq, Pakistan, or Illinois. But more likely to default than Iceland. Oh well. Can't win 'em all...

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