Jim Burnham: Don’t trust ‘Moonbeam’s’ accounting

February 10, 2014 

When Gov. Jerry “Moonbeam” Brown was in office the first time, he proposed a Peripheral Canal project to bypass the Delta and supply fresh water to L.A. and San Diego (his Democratic supporters). This idea was quashed after his many tries to push it through. Now he has his extravagant “Pipe Dream” to do the same thing. Projected cost of this pipeline is $25 billion, probably more than $40 billion when finished.

The high-speed rail project that nobody now wants is projected at $68 billion, but probably more than $100 billion when finished.

Gov. Brown proposed to pay some of the state’s bond debt and save more than $1 billion in a “rainy day” account. How can he save even 1 cent while proposing such massive expenditures? Voodoo accounting, anyone?



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