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Old Posted Aug 22, 2014, 10:46 PM
Crawford Crawford is offline
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Join Date: Nov 2003
Location: Brooklyn, NYC/Polanco, DF
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Quote:
Originally Posted by fflint View Post
Either you're clueless, or you know that's not how bonds work--but you want to demagogue the issue anyway. Either way, total bullshit. The funding evaporates if it isn't spent on CAHSR.
No, nothing "evaporates". I never claimed the bond itself can be redirected, but the money obviously can.

The $70 billion doesn't come from the train fairy. If the bond is cancelled, than Californians will have $70 billion to use on whatever else.

If Californians think this is the best use of their money, then fine, but it's obviously funding that could be used for any other need.
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