Episode Transcript
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(00:00):
I watched the whole Biden press conferenceyesterday so that you didn't have to and
just want to talk through a coupleof things with it and sort of my
sense of what's going to happen,which frankly, it seems like it's going
to shift day to day. SoI guess the first thing, My first
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big takeaway from the press conference wasthe tension of it all. Biden was
late showing up to this NATO thingwhere he was going to introduce President Zelenski
from Ukraine, and then, inthat very non difficult task of introducing Zelensky
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to all these NATO people, hereferred to him as President Putin, which
you'd have to think of all themistaken names that he could use for Vladimir
Zelensky, Vladimir Putin would be theabsolute worst one. So he was running
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late for that, and then heruns late for this press conference that was
scheduled. It was like over,it was like super duper late, and
people were starting to like openly speculate, is he not going to show up?
What's going on? Is he notgoing to show up? What's going
on? So he finally shows up, and let me just sort of describe
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the structure of it. He startsout with prepared remarks and then he opens
himself up to take what turned outto be about eleven questions, including follow
up questions. So he starts bydelivering these prepared remarks with a teleprompter.
And I thought, and now,granted we're grading all of this on a
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curve, okay, I'm watching itwith my expectations just basement low. And
I thought his initial prepared remark,because he did a decent job, he
seemed kind of vigorous. Thought,oh, he's actually handling this pretty well.
But then he gets off the teleprompter, and the whole energy changes.
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The minute he gets off the teleprompter, the whole energy changes. He gets
asked his first question is about KamalaHarris's competence to run the country, and
he then proceeds to say, Iwouldn't have picked Donald Trump to be my
vice president if I didn't think shecould do the job, and he screws
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up the names he calls. Herefers to Kamala Harris as Donald Trump,
and everyone in the room other thanhim notices the mistake and kind of gasps.
He does not notice it, doesnot correct it. He did correct
it when he screwed up Zelenski's nameand called him Putin. But he completely
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doesn't notice it, and it's allthat anyone's thinking and talking about for the
entire rest of the press conference.Now he then gets into he gets asked
other questions, and there are alot of Democrats who try to who are
There's some Democrats anyway who are tryingto argue he did so well for the
rest of it, other than youknow, referring to his vice president by
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the name of his chief political opponent. He did so well. During the
rest of the press conference, hedidn't do so well. He got into
clearly kind of stump speech material.And I know a little bit of this
feeling. I do enough public speakingand next tembraneous talking where I kind of
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know I have certain topics that I'vetalked about enough times, whether it be
on the radio or in speeches orthings like that, where if I get
into my groove, I can justtalk about it. And that's clearly what
Biden was kind of doing. Hisanswers were usually wandering and meandering. It
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was kind of him just sort ofspitting out everything he kind of knew about
topic X, Y or z whetherit was really responsive to a question or
not, and very long winded answerswith no obvious sort of like mental clock
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for him to realize, boy,I've been going on. I've been going
on a really long time with this. He clearly doesn't have that anymore.
And he talks so slowly now youcan tell he's just old. It's not
even really a question of like dementiaor stuff like. He's just old.
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And I've heard a lot of thetheories or arguments about whether it maybe he
has Parkinson, and that's kind ofconvincing, but I think just more than
an he's just old. Like it'sjust the natural decline of your physical and
cognitive abilities that happens over time,and it only ends one way. So
he didn't have any other huge gaffs, though a lot of the things he
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was saying just seemed kind of implausible. He clearly wasn't really being responsive to
a lot of the questions. Hewas just going on and on and on.
He had all these criticisms for Israelwithout simultaneously a lot of criticism for
Hamas, which a lot of sortof pro Israel people pointed out. He
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I mean, he was just hewas very boring. Honestly, it was
incredibly boring. At a certain point, you realize, like, is he
He's talking and talking and talking,and a part of me was almost wondering
if he was just sort of filibusteringa little like this, This press conference
is only going to go for acertain amount of time. If every answer
he gives is like ten minutes long, maybe he can limit this press conference
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from being, you know, atwenty question free for all. He can
limit it to maybe like eleven questionstotal. So I don't know if that
was part of his strategy, ifthere was any strategy, but that's what
happened is I think the total numberof questions probably got reduced. It seems
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like maybe the total number of questionswould be reduced because just how long he
took to answer everything, And someof the questions were real dumb questions,
like one guy from AFP. Someforeign reporters said, what do you have?
All these other countries in Europe areterrified if you don't win the election.
What can you tell them? IfDonald Trump wins the election, which
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is such a softball, would acomplete waste of time question? Now,
I guess the thing though, thatsort of struck me. Was while I
was bored for a lot of it, there was still this tension that I
just don't know that he can survivebecause of his obvious age, because of
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the obvious disaster that the debate was, which he referred to as my stupid
mistake at the debate. It wasn'ta mistake at the debate. That's how
he referred to his debate performance asa stupid mistake. No, a stupid
mistake is leaving the popcorn in themicrowave. To a stupid mistake is you
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know, heating up a bowl ofmacaroni and cheese, but you left the
spoon in the bowl of mac andcheese and now there's a fire. That's
a mistake. There was nothing thatwas a mistake about his debate performance.
He's just bad. He just wasn'tHe was just clearly senile. That's not
a mistake. It's not a whoopsieday. It's not like his shoelaces were
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untied. But since his debate performance, there's just going to be this intense
scrutiny of everything he does, andevery gap he makes is just gonna be
another piece of evidence of Yeah,this guy isn't with it, And so
I had the sense the whole timewatching it of like it was almost like
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I was watching an extremely delicate brainsurgery or something where any mistake, any
slip up by the surgeon would resultin disaster. Like people were framing it
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that way at the start of thisthing that Biden's whole political career was hinging
could be hinging on this press conference. And I think that's the thing that's
kind of I think is unsustainable forthe Democrats, is that every single thing
Biden does in public where he doesn'thave a teleprompter is going to be a
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make it or break it moment.At any minute, Biden could say or
do something or have an appearance thatresults in catastrophe for him. And that
was my I guess that was mybig takeaway the whole time was I'm sitting
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there like at any I'm I'm likeon the edge of my seat for this
man who is I don't think anyone'sbeen on the edge of their seat to
listen to Joe Biden talk ever inhis life. I mean, the guy
has been a blowhard from day one, since he was running for president nineteen
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eighty seven, since he was runningfor Senate in nineteen seventy six. Like
he is not a particularly insightful man. He is not a particularly intelligent man.
He is not a particularly inspiring man. He's he was the most one
of the more mediocre politicians in Washingtonwho always thought of himself as something great
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and has now gotten to this positionof being a president of the United States.
I've just and but here I amon the edge of my seat.
Why because I could see a disasterhappening any minute, and I still think
there's a distinct possibility of him havingto drop out. Why well, if
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the donors refuse to give, ifthey're big money donors, refuse to fund
a campaign that they where they don'tsee a path to victory, if they
are like this candidate Joe Biden issenile and we will not fund his campaign,
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then that's the disaster scenario. Imean, at a certain point,
Ben Biden has to go. Okay, I mean presidential campaigns like this,
they're hauling in something like two hundredmillion dollars per month until the election,
and they got to be spending thatmuch. They need money coming in because
they got a lot of money goingout. And if Biden. If the
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donors sort of universally shut off thatfaucet valve, that's that's the problem.
And that's sort of what as ridiculousas it is that George Clooney has become
a major voice in all of this. George Clooney the worst batman ever.
I shouldn't be mean to George Clay. My wife and I actually love all
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the Oceans movie, Oceans eleven,Oceans, twelve Ocean things. We love
all those movies. So I findit hard to despise George Clooney too much,
even though he's a big fat liberal. But what Clooney's op ed to
the New York Times where he said, yeah, Biden looked about this bad
at the Biden looked about this badat the fundraiser I threw for him with
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Obama, He's got to step down. Clooney's saying that is sort of representative
of the donor class. I mean, that's the class that Clooney's tied in
with. So that's a huge problemfor Biden. Now, I my last
takeaway before I maybe shift away alittle bit from the press conference yesterday.
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There was one point at the endwhere Biden is trying to give an answer
about you know, someone asked him, you know you've acknowledged limitations. How
can you continue to say you cando the job if you've acknowledged that you
have certain physical limitations. Biden thensays, no, no, no,
I don't have any limitations, andthen proceeds to talk about his limitations,
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which basically involve, hey, let'sstart events earlier. It's just like,
well, why do you need tostart events earlier. That's a huge concession
that, yes, you are limited. I just need to PRAI myself,
praise myself. And at the endof his answer, he says, by
my staff, they always add things, they always add things. At the
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end, gonna catch hell from mywife about that. And it was a
very weird It was almost like hewas talking to himself like ruefully, like
like ruefully talking. What does hemean He's gonna catch hell from his wife
because of all the stuff late atnight that his staff adds on to his
schedule. You know, because he'spresident of the United States, he's got
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important stuff that needs to get dealtwith sometimes at eight o'clock at night.
I'm gonna catch hell from my wifefor this. I was that is so,
I mean, so it sort ofseemed like he was sort of throwing
his staff under the bus, whichclearly someone had coached him don't do that,
because he made a big point ofthat in his Stephanopolis interview after a
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bunch of pressed leak that he wasfurious at his staff for his bad debate
to performance. And it sounds likehe's acknowledging. I mean, it's almost
like he's acknowledging all these sort ofwhispers and rumors and suppositions that people make.
That is Jill Biden like really drivingthe bus here. Like you would
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think that a concerned spouse would wanther ailing husband, her ailing and obviously
aging husband, to take a stepback, but she clearly does not.
All Right, when we return,I want to talk about an interesting for
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Biden, an interesting analog, thestory of Bo Biden and his continuing to
campaign for governor of Delaware even thoughhe had a serious cancer diagnosis. Next
on the John Girardi Show, Let'sgo back in history and talk about a
sort of forgotten piece of Biden familyhistory. Let's go back to twenty fourteen.
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Now, in twenty fourteen, PresidentBiden's son Bo Biden announced that he
was going to run for governor ofDelaware. He announced this in twenty fourteen.
The election would be in twenty sixteen. He announced this, but then
kind of disappeared in twenty fourteen,wasn't seen making a lot of public appearances,
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even though he had sort of announced, Hey, I'm planning to run
for governor. And obviously, ifJoe Biden's son is wanting to run for
governor of Delaware, that's a bigdeal. Biden was the vice president at
the time. Biden was a legendin Delaware politics. He had been a
Senator representing Delaware for thirty six yearsor something before he became the vice president.
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That's a significant thing. And Bohad an impressive background military veteran,
you know, seemingly not as muchof a screw up as his brother Hunter.
So Bo announces in twenty fourteen thathe wants to run for governor,
but then he kind of disappears frompublic life, and a lot of people
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were sort of puzzle like, whereis he. The Biden camp insisted that
this lack of appearances was not serious. He was actually ramping up his work
and what was happening. Well,Bo had been diagnosed with very serious cancer
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and was dealing with it, andthe Biden folks did not tell anyone this
man who announced that he's running forgovernor and it's twenty fifteen, a year
before the governor's election. They didn'teven concede that he was seeking medical attention
until two weeks before he died intwenty fifteen. So there's stories going back
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from February of twenty fourteen where basicallypeople were asking about his Bo's health.
No one's saying anything, claims thathe had a clean bill of health.
In twenty fourteen, he gets hospitalizedand he declined all these interview requests about
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his health and his political future.He was telling people, no, no,
no, I'm good. I gotlucky. Then after Bo's death,
the Biden's revealed he had glile blastoma, a cancer with a five year survival
rate of seven percent and an averagesurvival time of twelve to eighteen months after
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diagnosis, and that he likely wasdiagnosed no later than twenty thirteen. In
twenty seventeen, Joe Biden went onthe view and he's talking with Megan McCain
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and it's this kind of weepy interviewbecause Biden's talking about his son Bo,
and Megan is talking about her dad, John McCain, who had passed away,
and Biden had been friendly with JohnMcCain. They had been in the
Senate together forever. And this is, honestly this kind of interviews stuff.
This is where Joe Biden set sortof planted the seeds for his twenty twenty
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presidential run, because he comes offin this as you know, here's Megan
McCain crying about her dad and he'scrying about his son. He comes off
as very you know, sort ofapproachable, but he talks about it in
this clip, and gosh, helooks so much younger in twenty seventeen than
he does today. He's talking inthis clip about Bo continuing to run for
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governor of Delaware through his illness asif it's this very inspiring story. And
I think at the time in twentyseventeen, when there were no sort of
stakes attached to it and it wassort of water under the bridge at that
point, everyone was sort of oh, yeah, yeah, yeah, that's
nice, how inspiring he continued torun for governor when he had cancer.
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But a lot of stuff has happenedsince that. Well, now we've got
Joe Biden as President of the UnitedStates and his health failing or at the
very least he's aging, And forme, my assessment of this just personally
has changed. Okay, So mydad, as many of you listened to
the show, my dad, doctorJoji, already passed away back in March.
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He had been diagnosed with bladder cancerabout three years ago, and in
March of twenty twenty three he hada procedure where we learned previously unbeknownst to
all of us, that my dad'scancer had spread very aggressively to a bunch
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of other parts of his body,and the cancer was such that it hadn't
appeared in any scans or any bloodtests or anything like that. So it
was this huge shock to our familyin March of twenty twenty three when we
learned that my dad had this,you know, very aggressive cancer and that
his you know, five year prognotwas about as bad as bo Biden's was,
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and my dad would proceed to onlylive for one more year after we
learned that. So we learned thatin March of twenty twenty three, and
he passed away in March of twentytwenty four. And I just think seeing
my dad and the and obviously,you know, brain cancer is different from
bladder cancer that my dad was dealingwith. But I mean my dad retired
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from work right after that. Imean, he realized he couldn't continue working
consistently. You know, he wouldcome into Vali. So my dad was
a surgeon of Valley Children's Hospital.You know, he would come to Valley
Children's for presentations or things like thatand stuff educational stuff for the residents.
But he didn't. He stopped havinga consistent schedule of sorty. He officially
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retired. And I just think likeif my mom had encouraged or forced or
God forbid forced him to keep workingafter that, I would have said,
I would have been, Mom,are you insane? And it makes me
wonder, like what is with theBiden family. They kept encouraging both seemingly.
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Did they keep encouraging bo to keepgoing on with a governor's campaign when
he knew he was gonna die ofcancer. They keep encouraging Joe to run
for president when it's clear he's failingat the very least, Maybe just say
I'm going to be a one termpresident and that's it. And even in
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the press, conference. He talkedabout that he gave these very implausible reasons
for why he decided he wouldn't bea transitional president, which is what he
had said during the campaign, whichsome thought in the in the twenty twenty
campaign, he had said something aboutmaybe wanting to be a transitional president,
which a lot of people thought wasa signal of I'm only to serve for
one term. And his explanation forwhy that change just seemed implausible. Well,
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I've got to finish the job.I've got it, and it all
seemed focused on him. He's thebest one to finish the job, which
is just that just doesn't It justseemed so implausible. Anyway, the bo
Biden health thing seems like a veryodd, weird parallel when we return no
to another Clovis unified bond next onthe John Gerardi Show. I feel like
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one of my callings as a commentatoron local politics is to be an apostle
against bond measures. I think thisis one of my I want this to
be my calling card in local politicsis consistent advocacy against the very concept of
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the bond measure. The bond measureas a vehicle of government funding. It
is the absolute favorite. It's it'ssomething that California loves in spite of the
fact that at a statewide level,our bond plus pension debt is at something
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astronomical like one point six trillion dollarsover time that we have to pay off
in bond and pension debt that weowe. But especially at the local level,
in the local scene, President Unified, Clovis, Unified, Central,
Unified. School districts love bond measures. They love bond measures, and school
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districts always have kind of an upperhand in getting bond measures past. They
you know, they have the apparatusof the school not totally at their disposal,
but you know, kind of thereare ways that you can can utilize
the infrastructure of a school to helppromote a bond measure in a way of
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a whole school district, and howmany parents send their kids to the public
school district within the school district's boundariesmost of the parents do. There are
ways that they can utilize the infrastructureof a school district in order to promote
the passage of a bond. Andit's always something that's going to be appealing
to local developers and builders and constructioncompanies. They like big government construction contracts
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that they can hop onto. Soall of these business interests tend to align
towards bond measures and promoting bond measures. Now, what is a bond?
What is a bond? I thinka lot of times people hear about a
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bond measure and they don't actually understandwhat it is. So here's the story
about it. Why am I talkingabout this? Clovis Unified. Clovis Unified
says it needs a four hundred milliondollar bond for high school and other projects.
Here are the details story by LauraDiaz and the Fresno b Clovis voters
might be deciding whether to approve amulti million dollar bond measure to help pay
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to finish some construction projects and keepup with maintenance, including bringing district buildings
up to code. District representatives saidongoing construction at new school sites such as
the new Clovis South High might beleft undone if the bond measure is listed
in the November ballot but doesn't pass. So this is a four hundred million
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dollars bond measure. But what isa bond? Let's explain. A bond
is a loan it is a loanto some municipal or governmental and a school
district, a state, a communitycollege district, et cetera. So,
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as with most loans, as withessentially all loans, if it is in
fact a loan rather than a gift, as with all loans, you have
to pay it back, and aswith most loans, you have to pay
it back with interest. Now,how does a governmental entity pay back a
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loan? Not with its own money. Governmental entities don't have their own money.
They get money from the taxpayers.That's where they get money. And
where for school district bond measures,where does that money come from? It
comes from your property taxes. Soyour property taxes includes baked into it a
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certain percentage that is there to payoff several different iterations of Let's say you
live in within the boundaries of ClovisUnified. For example, if you live
within the boundaries of Clovis Unified,there I think at least two bond measures
that you're paying for still through yourproperty taxes. Why. Well, because
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most bond measures have a thirty yearrepayment schedule with interest. So Clovis Unified
has passed bond measure. You know, maybe they passed one bond measure twenty
years ago. They passed another bondmeasure in well, they passed one bond
measure in twenty twenty. They passedanother bond measure. I think back around
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twenty ten or twenty eleven or somethinglike that. And there was probably another
bond measure back in two thousand thatwere still around two thousand that we're still
paying for because Clovis Unified tends todo this, They tend to do another
bond measure to fund a bunch ofstuff every year every ten years or so.
Rather so we just keep paying andpaying and paying. And here's the
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thing. When you pay back alonewith interest, how much do you pay
back? It's a four. Soit always gets billed as this is a
four hundred million dollar bond measure forClovis High for Clovis Unified. Four hundred
million dollars for Clovis Unified. Wow, so wonderful we get four hundred million
dollars spend on updating our schools.Everyone loves schools, right, four hundred
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million dollars. If you just voteyes, you just vote yes, and
four hundred million dollars magically falls fromthe sky. Well, they forget to
tell you what what should be includedfrankly, in every and in every story
about a bond measure. What shouldbe included is not just the dollar amount
that the school district gets. Whatshould be included in every single story is
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how how much interest the taxpayers aregoing to pay? Because guess what,
with interest rates as high as theyare right now, I guarantee you if
it's a four hundred million dollar bondmeasure, that Close Unified is going to
get four hundred million dollars worth ofbenefits from the taxpayers are going to have
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to pay eight hundred million dollars becausethat's how interest works. Interest over the
course of thirty years. You're notIt's not like Close Unified gets four hundred
million and the taxpayers pay four hundredmillion. No, it's a loan.
It has interest. You have topay the interest on top of the principle,
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and over thirty years with interest ratesas high as they are right now,
I mean they're interest rates as highas eight percent right now. If
you have for a thirty year loan, if you have an interest rate of
even six percent, you're paying double. Okay, the interest is the same
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size is just as great as theprinciple, you might be paying more an
interest than in principle. And thisis why I despise the bond system so
much. It is a It isa sneaky way for politicians to try to
say, Look, it'll just bea tiny little increase, a tiny little
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increase in your property taxes, justa tiny fraction of a percentage increase in
your property taxes, and we'll getfour hundred million dollars. No, that
tiny increase in my property taxes overthe course of thirty years is going to
pay for eight hundred million dollars.So we're gonna spend eight hundred million dollars
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to give Clovis Unified four hundred milliondollars worth of improvements. That's what we're
doing now. The other thing theytry to say is, well, we're
going to structure it in a waythat doesn't increase your taxes. And they
say this with a straight face,without any other explanation. No, no,
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no, we've structured it. It'snot going to increase your taxes at
all. And what they mean isthat basically they're just extending out farther the
amount of time that we're paying forbond measure payments in our existing property taxes,
so basically extending the term that wehave to keep paying extra in our
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property taxes. So that's how theyget away with saying, oh, because
I remember hearing ads like this,Oh, vote for this bond measure for
clothes Unified. It'll raise four hundredmillion dollars and it doesn't raise taxes at
all. I'm like, that's nothow money works. Money doesn't just magically
appear out of nowhere. There's noway that four hundred million dollars just magically
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appears without someone paying it. Andthat's what they mean is basically they're just
extending it, whereas before we wouldjust stop paying extra in our property taxes
because some prior ballid initiative bond measuresterm expired. Basically, they just keep
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riding this gravy train forever and justlet your complacency with the up. That's
just what property taxes are, yep. That's just what property taxes are here
here in the Clovis areapyep. Theyjust let your complacency do the work for
them and say, well, we'renot increasing taxes, yeah, but you're
increasing the duration that we have tokeep paying these stupid taxes, the existing
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taxes that exist with no letup.So again, when this comes up now,
when we return, and I wantto talk about when this comes up,
just remember, a bond is aloan, it's a loon you have
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to repay with interest. If it'sa four hundred million dollar bond measure,
it means we're taxed eight hundred milliondollars to pay for it. When we
return, I want to talk aboutthe phony, baloney reasons for why allegedly
we need this four hundred million dollarbond that's next on the John Girardi Show.
Clovis Unified is already beating the drumfor another four hundred million dollar bond
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initiative to be put on the ballotthis November. And I am continuing my
my campaign, my lifelong crusade againstthe concept of the bond measure as a
funding mechanism for local government. Ithink it's an idiotic thing to do.
It's going to cost US eight hundredmillion dollars in taxes to get four hundred
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million dollars worth of benefit. Becausethat's what a bond is. A bond
is a loan to a municipal entity. It's a loan that the taxpayers have
to pay back with interest, andwith interest rates as high as they are
for a loan that's going to havea thirty year term of repayment, we're
probably gonna wind up paying over eighthundred million dollars to get four hundred million
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dollars worth of benefit. It's anincredibly inefficient way of funding things, but
it's a thing that school districts likebecause they can sell it to taxpayers with
a bunch of phony bologny arguments like, oh, it won't increase your taxes
because you're already paying for a bunchof prior stupid bond measures that we already
passed, and we'll just have youcontinue paying these till Kingdom come rather than
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ever letting the terms of prior bondmeasures just expire so that your property taxes
could actually go down sometime. Fancythat. No, no, no,
we'll just continue to have your propertytaxes be high. Now here's some of
the reasons why why allegedly do weneed a four hundred million dollars bond measure
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to help pay to finish According tothe Fresno Bee story, to help pay
to finish some construction projects and keepup with maintenance, including bringing district buildings
up to code. District representatives saidongoing construction at new school sites such as
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the new Clovis South High might beleft undone if the bond measure is listed
in the November ballot but does notpass. And they're talking about Clovis South
High School. So we if wedon't pass a four hundred million dollar bond
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measure, and this is always whathappens, Clovis Unified says, Oh,
if we don't pass this, here'sall these things that won't happen, and
they're holding a gun to your head, so you have to vote for this
stupid thing. Ongoing maintenance. Whyisn't the normal budget paying for this?
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Why isn't normal revenue paying for ongoingmaintenance and bringing classroom buildings up to code.
That should just be part of normalmaintenance. You shouldn't need to pass
another bond initiative to pay for it. Secondly, to finish construction on Clovis
South, why did we start constructionon Clovis South without a sense that we
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had the tax pay that we hadthe tax revenue necessary to finish it.
We just had a bond initiative thatpassed in twenty twenty. We need to
do another bond measure for close Unifiedin twenty twenty four. I mean,
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for God's sakes, usually Clovis Unifiedat least as the decency to wait ten
years four years. So no,I refuse to pay for things like this.
If you're starting a new high school, you shouldn't start it until you
know you're gonna have the revenues topay for it. Absolutely not vote no
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on any bond measures. Sick andtired of bond measures. That'll do it
for John Gerardy Show. See younext time on Power Talk