Comments on: Proposed legislation would limit future school bonds http://www.pomeradonews.com/2012/09/20/proposed-legislation-would-limit-future-school-bonds/ Serving Poway, Rancho Bernardo and 4S Ranch Sat, 18 May 2013 03:11:56 +0000 hourly 1 http://wordpress.org/?v=3.0.3 By: usna1957 http://www.pomeradonews.com/2012/09/20/proposed-legislation-would-limit-future-school-bonds/#comment-666890 usna1957 Tue, 25 Sep 2012 19:39:10 +0000 http://www.pomeradonews.com/?p=28822#comment-666890 All of the reporting thus far indicates that the PUSD Board took every legal advantage, and then stretched it just a wee-bit more. They were warned, even by the State Attorney General but took her failure to prosecute them as a green light. That is a tendency of attorneys. They know where the legal line is and walk it like a tightrope, with the knowledge that if they slightly overstep they will get "professional courtesy," while the rest of us avoid the line with so much room to spare that if we stumble a couple of steps and fall, even our hair does not cross the legal line. And that is a good reason never to elect an attorney to anything. As to businesspeople, running a Mom and Pop shop (and I have), is vastly different from running a multi-hundred-million dollar corporation. (Done that, too) Elected officials rely on staff, I might add a staff that does not work for the elected officials. All of the reporting thus far indicates that the PUSD Board took every legal advantage, and then stretched it just a wee-bit more. They were warned, even by the State Attorney General but took her failure to prosecute them as a green light.

That is a tendency of attorneys. They know where the legal line is and walk it like a tightrope, with the knowledge that if they slightly overstep they will get "professional courtesy," while the rest of us avoid the line with so much room to spare that if we stumble a couple of steps and fall, even our hair does not cross the legal line.

And that is a good reason never to elect an attorney to anything. As to businesspeople, running a Mom and Pop shop (and I have), is vastly different from running a multi-hundred-million dollar corporation. (Done that, too)

Elected officials rely on staff, I might add a staff that does not work for the elected officials.

]]> By: PowayThieves http://www.pomeradonews.com/2012/09/20/proposed-legislation-would-limit-future-school-bonds/#comment-666634 PowayThieves Tue, 25 Sep 2012 16:19:16 +0000 http://www.pomeradonews.com/?p=28822#comment-666634 They can add can't they? I'm not a rocket scientist and even I can figure out that 9 to 1 and no call is just bad management. And they all have some type of business or legal background. Look at their resumes. And the premiums - really? An extra $200 million in payoff by taxpayers because the Board was swindled in 2009 and 2010? Is that the excuse they're to use? That they're rubes or too dumb to have figured it out? That's rich. They can add can't they? I'm not a rocket scientist and even I can figure out that 9 to 1 and no call is just bad management. And they all have some type of business or legal background. Look at their resumes. And the premiums – really? An extra $200 million in payoff by taxpayers because the Board was swindled in 2009 and 2010? Is that the excuse they're to use? That they're rubes or too dumb to have figured it out? That's rich.

]]> By: Allen Hemphill http://www.pomeradonews.com/2012/09/20/proposed-legislation-would-limit-future-school-bonds/#comment-665835 Allen Hemphill Tue, 25 Sep 2012 03:08:40 +0000 http://www.pomeradonews.com/?p=28822#comment-665835 In the final analysis, the responsibility rests with the voters, who elect good people with no business background, no financial experience, who have never run anything where the term "Billion" or even "Million" is ever mentioned. These are (generally) honorable people, over their heads and susceptible to the bladmishments of professional staff and slick bond salesmen. In the final analysis, the responsibility rests with the voters, who elect good people with no business background, no financial experience, who have never run anything where the term "Billion" or even "Million" is ever mentioned.

These are (generally) honorable people, over their heads and susceptible to the bladmishments of professional staff and slick bond salesmen.

]]> By: Clyde http://www.pomeradonews.com/2012/09/20/proposed-legislation-would-limit-future-school-bonds/#comment-665271 Clyde Mon, 24 Sep 2012 16:34:04 +0000 http://www.pomeradonews.com/?p=28822#comment-665271 In 2008 PUSD urged voters to approve $179M in borrowing "for the kids". With that approval PUSD borrowed $219M. THIRTY ONE MILLION more than the voters authorized. Cost to Poway taxpayers? ONE BILLION, TWO HUNDRED MILLION! And it involves the 2009 Series A bond as well. Tell me how Mangum didn't know now. What the PUSD Board did was criminal. <a href="http://www.voiceofsandiego.org/education/article_2dfa8c46-05cb-11e2-b3d5-001a4bcf887a.html" rel="nofollow">http://www.voiceofsandiego.org/education/article_...</a> In 2008 PUSD urged voters to approve $179M in borrowing "for the kids". With that approval PUSD borrowed $219M. THIRTY ONE MILLION more than the voters authorized. Cost to Poway taxpayers? ONE BILLION, TWO HUNDRED MILLION!

And it involves the 2009 Series A bond as well. Tell me how Mangum didn't know now. What the PUSD Board did was criminal.
http://www.voiceofsandiego.org/education/article_...

]]> By: John Riley http://www.pomeradonews.com/2012/09/20/proposed-legislation-would-limit-future-school-bonds/#comment-661632 John Riley Fri, 21 Sep 2012 18:39:58 +0000 http://www.pomeradonews.com/?p=28822#comment-661632 We should bring back the 2/3 majority requirement for bond issues. If this existed the Poway bond never would have occurred. We should bring back the 2/3 majority requirement for bond issues. If this existed the Poway bond never would have occurred.

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