Wednesday, October 29, 2008

It's Not That There Aren't Any Appropriate Bond Issues

Proposition 12 on the California ballot is to fund the CalVet home loan program, and it appears about every other year if memory serves. According to the legislative analyst, since 1921 "the CalVet program has been totally supported by the participating veterans at no direct cost to the taxpayer." I'm willing to bet on the vets.

Proposition 3 is a little bit trickier, but not a lot. Prop 3 asks for $280 Million to fund children's hospitals throughout the state. 20% of the money would go to the five hospitals within the University of California system while 80% would be made available to as many as eight hospitals such as Children's Hospital Los Angeles and Children's Hospital of Orange County. Purists argue that using bond money to support non-government hospitals is wrong and I understand that argument while disagreeing with it. These are California public-benefit corporations such as the Lucille Salter Packard Children's Hospital at Stanford doing cutting-edge work and, to the extent that their legitimate funding needs cannot be met by payments from patients and insurers, they are worthy of our support.

We need to keep faith with our children's hospitals and our veterans. They've earned that.

1 Comments:

Blogger Kay Dennison said...

Indeed!

10:54 AM  

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