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The Bondage of Bonds – Preview

December 16, 20072 Comments

Los Angeles, CA The Full Disclosure Network® is releasing a three minute video preview of a special DVD Collection of Videos examining the use of non-voter approved and voter approved government Bonds in California over the last decade. The collection is entitled “The Bondage of Bonds…..The Taxpayers Burden” featuring government officials and experts directly involved in the issuance, expenditure and oversight of billions in government indebtedness.

 

STATE OF EMERGENCY: FISCAL CRISIS
The release of this new collection coincides with the announcement on Friday, December 14, 2007 by California Governor Arnold Schwarzenegger that he will declare a “fiscal emergency” in January 2008. In his announcement, Schwartzenneger pointed to a dramatic escalation in the budget deficit (40 % or $14 billion) over previous projections by economists just a few weeks ago. Associated Press reported that state spending has increased by 40% since Schwarznegger took office in 2004. And according to the Reason Foundation and California Debt Advisory Board, bonded indebtedness has dramatically increased over the last decade.

REVEALING HOW STATE & LOCAL GOVERNMENT SPENDS BOND $$ BILLIONS:
Videos on Bond issues in the Full Disclosure® Collection:
* Secret School Bonds Create Billions in Debt
* Mysterious School Financing Revealed
* Budget Buster Bond Defended
* Bond Brokers Bilk Taxpayers for Billions
* News Blackout On School Bond Vote
* Auditors Speak Out on Lack of Prosecution
* Voters Fooled by Bogus Bonds
* Bonds: Government’s Credit Card

Officials and experts appearing in the video collection:
* Senator Don Perata California Senate President Pro-Tem
* David Tokofsky, LAUSD Board Member
* Kathleen Connell, California State Controller (1995-2004)
* Don Mullinax, former Inspector General L.A. Unified School District
* B. Scott Minerd, CEO Guggenheim Partners, Asset Management
* Edwin Meese, III, Former U. S. Attorney General & Chief of Staff Governor Reagan
* Jon Coupal, President Howard Jarvis Taxpayers Association
* James Mc Nulty, Chairman of the Board, Parsons Corporation
* Dr. Adrian Moore, V.P. Research of the Reason Foundation
* Keith Richman, Former, Legislator & Pres. Calif. Foundation for Fiscal Responsibility
* Carl DeMaio, President Performance Institute
* Jerry Thornton, Inspector General Los Angeles Unified School District

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