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This was the predicted outcome when this project was first announced and financed. People at the time criticized the Cassandras saying they lacked faith in the
by TheMagicHorsey 8y ago
This was the predicted outcome when this project was first announced and financed. People at the time criticized the Cassandras saying they lacked faith in the California government's ability to execute a complex long term project like this on budget.
The Cassandras were right.
Anyone who has worked with the government in Sacramento knew it was going to be a boondoggle where unions, politicians, and connected private contractors would get paid, and the public would get screwed. But the California electorate and its money are quickly parted.
If you are frustrated by the amount of looting of the public purse that you see in this state, you should move. There is no mechanism through which it will stop short of state bankruptcy. The tax base is so large and diverse that the money faucet will keep pouring lucre into filthy pockets until the unfunded pension liabilities destroy the public finances (should be around 2035).