I need a liberal or dem's take on this

[ReelinRod]

Here is the epitome of liberal fiscal policy from where else, the land of fruits and nuts:

L.A. Unified uses ‘construction bonds’ to buy $500 million in iPads

Feb. 14, 2013

By Chris Reed

My five-month-old crusade to get the California mainstream media to acknowledge the insanity of “construction bonds” which take 30 years to pay off being used routinely by school districts for short-lived electronics and basic maintenance hasn’t gotten far yet. The most significant article from a respected mainstream education reporter about this outrage came in December from John Fensterwald in EdSource. State newspapers’ education reporters? They can’t be bothered.

Yes, the California media do care about nutty capital appreciation bonds, which can’t be prepaid and delay initial repayments for 20 years out, leading to such ridiculousness as the Poway Unified school district borrowing $105 million that will take $981 million to repay — beginning two decades from now. But the problem of using 30-year borrowing for short-term needs is much worse than CABs. It’s far more common; it’s everywhere.

- See more at: L.A. Unified uses ‘construction bonds’ to buy $500 million in iPads | CalWatchDog

[spence]

Originally Posted by ReelinRod

Here is the epitome of liberal fiscal policy from where else, the land of fruits and nuts:[INDENT]L.A. Unified uses ‘construction bonds’ to buy $500 million in iPads

My understanding is that 'construction bonds' are the primary mechanism for funding educational development regardless if it's actual construction or investment in the curriculum via no interest Federal loans. Reading a few articles on this subject I also don't see any mention of "iPad" just tablets which can be had for much less.

Also it looks like CA has some 2 million students in high school. That they would seek to purchase computers at a rate of roughly 1:4 doesn't seem that odd.

While I'd concede CA isn't exactly the archetype of how to run a state budget, what exactly is the epitome of again?

-spence