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It feels like the people here don't know that the state issuing "bonds" means it's taking on debt.

I lived in San Francisco for a while, and I don't remember the numbers and I know you can look this up, but it felt like I was voting No on up to dozen different bond proposals every two years. Doesn't matter, they always pass. (To clarify, I also don't remember if these were always up to a majority vote, but they almost always pass unless it's for something Californians don't like for whatever reason.)



> It feels like the people here don't know that the state issuing "bonds" means it's taking on debt.

It more than feels like it; most people don't know that.

As with other things, we can blame the total lack of financial education in our education system.




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