Vote NO on "H" (Affordable Housing Bond) Unless You Are The Mayor
In the past three months or so, you've heard me mention the problems with AB 1381 (LAUSD Bill signed last week by Gov. Girlieman), the problems with Prop R (lengthening City Councils terms from two to three, then calling it a "limit" -- while "mingling" Ethics/Lobby reform on the same measure in an attempt to confuse voters and hold "ethics" hostage to "term extentions") -- AND NOW ZD HAS WORKED HIS WAY UP TO THE BIG BOY ON THE BALLOT: Prop H (A $1 BILLION Affordable Housing Bond).
You wanna take a billion dollars, that we don't have, and spend it now, when everyone already knows these BONDS are a big bamboozle? First of all, we'll be paying off the Bond and all the interest for generations to come. Secondly, we're lucky if 10% of the money actually ends up going where it is supposed to. Thirdly, the money always seems to magically disappear, because THERE IS NO ACCOUNTABILITY or CHECKS AND BALANCES on these bonds as to where the money actually ends up.
Whenever a shady politician wants to blow one of these curveballs past the people, they cloak it around something no one can say "no" to like Affordable Housing, Clean Water, Public Schools, or some other warm and fuzzy issue.
But again, it's money we don't have for this project that will stick your kids and grandkids with the tab (plus interest) for something that about only 10% of the money ends up going to, and there is no accountability or checks and balances over the money, which is why most of it magically disappears.
AND THE BIGGEST RED FLAG: Mayor Antonio Villagrossa is furious that "H" is on the November ballot -- instead of March ballot, because with the Governor race being voted on, there will be way higher turn out in November than in March (when the low-key, low-voter-turn-out election takes place) and it's waaaaaaaay easier to blow this bamboozle past the constiutents.
So, to make a long story short: You've heard me discuss the problems with AB 1381 and Prop R (Term Limit Extentions), and how it is causing BIG waves at City Hall (See Mayor Sam's story from Monday) -- but that was just the appetizer for "H".
Plain and simple, you'd have to be the biggest sucker on the planet to vote "yes" on H unless your name happens to be Tony Villagrossa (or one of his developers/magic assistants) who is gonna make the money magically disappear, then stick your grandkids with the tab. In other words, "NO on H".
Personally, I think the Mayor knows his political career is over in this town, has no chance of winning re-election, so why not milk the City on the way out?
Labels: proposition r