The Liar Liar movement began in 2014 when Dino Cortopassi first called attention to California’s debt crisis by running a series of full page ads entitled “Liar Liar Pants on Fire” in major newspapers across the state. Click below to view or download each ad or a PDF of the entire ad series.
- California bond sale refinances more than $1 billion (3/5/2015) - State Treasurer John Chiang today announced successfully completing the sale of $1.9 billion in State general obligation bonds, which included the refinancing of more than $1 billion in previously-issued bonds. “Despite investors’ concerns over future interest rates, this week’s sale showed a healthy appetite for California paper,” Chiang said. “Recent credit upgrades have increased the … Continue reading California bond sale refinances more than $1 billion
- California’s public unions have too much clout and compensation (3/3/2015) - Mayor Eric Garcetti, a pro-labor Democrat, has tried to restore ties with Los Angeles’ public employee unions after most of them backed his opponent in the 2013 mayoral race. Nevertheless, the mayor is sticking with the hard line he has taken in contract talks: asking city workers to accept a three-year wage freeze, pay 10% … Continue reading California’s public unions have too much clout and compensation
- Today’s Debt Is Tomorrow’s Burden in Some School Districts (2/25/2015) - School districts in San Diego County and across California that use capital appreciation bonds saddle future generations with debt, sometimes at double-digit debt ratios. Vista Del Mar Elementary is the newest school in the San Ysidro School District, and it is a beauty. Perched atop a hill in the aptly named Ocean View Hills — … Continue reading Today’s Debt Is Tomorrow’s Burden in Some School Districts