http://cbsnewyork.com/water/watercooler_story_049102354.html

California Up For Adoption

Feb 18, 2004 10:22 am US/Eastern
LAFAYETTE, Calif. (AP) For just over $1 a day, California citizens can adopt
their state -- and help get rid of its debt.

A man in this San Francisco Bay area suburb has initiated a campaign to pay for
the $15 billion bond Gov. Arnold Schwarzenegger is proposing to help balance
the state budget.

Tom MacDonald, 63, is asking each of California's 35 million residents to
donate $1.21 every day for one year -- a total of $441.65.

"It's a gift, a gift from the constituents of this state to help solve the
problems they helped to create," MacDonald said.

Critics of the proposed bond issue, which is on the March 2 ballot as
Proposition 57, say it would force future generations to pay around $30 billion
for current borrowing.

"That's ridiculous," MacDonald said. "I thought, 'We just need to pay off this
thing now."'

The money will be collected in an "I-Love-CA-Fund," an account accessible only
to Schwarzenegger and state Controller Steve Westly, MacDonald said.

MacDonald, who owns and operates six retirement communities in the Bay Area,
spent nearly $3,000 for full-page ads in local newspapers -- but his primary
method of fundraising is word of mouth.


-------------------------
A good friend will come and bail you out of jail . . . but, a true friend will
be sitting next to you saying, "Damn . . . that was fun!"
-----Unknown

LilMtnCbn wrote:
http://cbsnewyork.com/water/watercooler_story_049102354.html California Up For Adoption Feb 18, 2004 10:22 am US/Eastern LAFAYETTE, Calif. (AP) For just over $1 a day, California citizens can adopt their state -- and help get rid of its debt.

Well, you know, it had to happen sooner or later...

Ron
A man in this San Francisco Bay area suburb has initiated a campaign to pay for the $15 billion bond Gov. Arnold Schwarzenegger is proposing to help balance the state budget. Tom MacDonald, 63, is asking each of California's 35 million residents to donate $1.21 every day for one year -- a total of $441.65. "It's a gift, a gift from the constituents of this state to help solve the problems they helped to create," MacDonald said. Critics of the proposed bond issue, which is on the March 2 ballot as Proposition 57, say it would force future generations to pay around $30 billion for current borrowing. "That's ridiculous," MacDonald said. "I thought, 'We just need to pay off this thing now."' The money will be collected in an "I-Love-CA-Fund," an account accessible only to Schwarzenegger and state Controller Steve Westly, MacDonald said. MacDonald, who owns and operates six retirement communities in the Bay Area, spent nearly $3,000 for full-page ads in local newspapers -- but his primary method of fundraising is word of mouth. ------------------------- A good friend will come and bail you out of jail . . . but, a true friend will be sitting next to you saying, "Damn . . . that was fun!" -----Unknown

Wonder how much of California's fiscal problems were linked to Enron?

How much to poor oversight to dot coms?

How much to illegal immigration?