After the jump, an example.
Proposition 2 is one of two amendments dealing with the growing importance of Texas's water resources (the other being Proposition 8: Water Stewardship).
Proposition 2: Water Bonds
Ballot Language: "The constitutional amendment providing for the issuance of additional general obligation bonds by the Texas Water Development Board in an amount not to exceed $6 billion at any time outstanding."
In this blog's comments, one reader offered his reason for voting against Proposition 2. He doesn't trust the Texas Water Development Board to be capable of maintaining the bond quality on a 3x increase from $2 billion to $6 billion.
The Tea Party opposes Proposition 2 for a different reason: "this is another way of kicking essential expenditure for now onto our children."
Paul Burka, no friend of the Tea Party, also opposes the proposition for similar reasons: "This flies in the face of the pay-as-you-go principle. The Legislature doesn't have the courage to pay for the water plan, so we just put it in on the credit card."
How am I going to vote? While sympathetic to the above arguments, I'll end up voting YES. Water is simply too important to Texas's future to starve investment in water projects because I don't like the mechanism used for funding.
I don't like how Texas politicians are piling up debt. I don't like how they refuse to raise taxes to carry that debt. I don't like how they cut education and health care instead. I don't like how they fudge the books to accelerate receipts and postpone accounts due to make it look like we have a balanced budget today. I don't like how Texan voters want all the benefits of government without accepting that we need taxes to pay for those benefits. I don't like any of that, but cutting off financing for water projects isn't the answer.
A tea party without water will be no party for anyone.