This may be of interest mainly to California readers, but there are 11 propositions on the November ballot, only one of which has to do with gay marriage (#8). Here is the Register's take on Prop. 1A, which would authorize the sale of almost $10 billion (well, 9.95) in bonds as a down payment on a high-speed rail system between Los Angeles and San Francisco. It's a marvelous-sounding idea, but like most government-promoted rail plans (this one was put on the ballot by the legislature, not by gathering signatures, it doesn't begin to pencil out. As a Reason "due-diligence" report notes, the projected cost has risen from about $30 billion in 1999 to around $45 billion today for a scaled-back version, and you can be sure the cost would rise further if it were begun. Where would that money come from? The proposal is vague.
I suspect, with the state government having just band-aided a state budget that was $15 billion in the hole, that voters won't go for this kind of increase in bonded indebtedness. But the capacity to believe rosy if unrealistic projectioons is common.