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Corruption of Bond $$: State stem cell firm uses tax $$$ for nonpublic campuses

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  • Corruption of Bond $$: State stem cell firm uses tax $$$ for nonpublic campuses

    Want to find corruption? Look at a government program. We told you that the stem cell bond was a fraud and ripe for corruption--so here it is.

    "California taxpayers have spent $135 million in recent years building state-of-the-art research facilities on four private campuses for stem cell research — an expense some critics have questioned in the face of California’s budget crisis.

    In 2008, the state’s publicly funded stem cell research agency approved $270 million for 12 research facilities around the state. About half that money went to eight new buildings constructed on University of California system campuses, including one that officially opened earlier this month at UC San Francisco. The other half went to new buildings on four private campuses, including Stanford University and the University of Southern California."

    New buildings with tax dollars when dozens if not hundreds of government buildings are empty.

    Another example that government has too much money--we need tax cuts, not Browns' $50 billion tax increase.


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