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Fiscal Information Required by Maine Constitution to Accompany Bond Questions

TWEET THIS: http://goo.gl/H6bdsd Continuing my investigation into the constitutional bond ratification process : This looks like the fiscal information which is constitutionally  required to accompany the bond questions . This information is found on the Maine Treasurer's report to the Maine legislature. Treasurer Douglass's February 12, 2014 Bond Update to MaineLegislature : Honorable Members of the 126th Maine Legislature: Update on General Obligation Bonds: $52M funded to date; $84M total expected in FY2014; $78M requested in Q1 FY 2015  excerpt: Here are some additional facts about Maine General Obligation Bonds: • Maine GO bonds are traditionally structured to mature in 10 years, with two payments per year after the initial borrowing. • AU bonds expire after 5 years if not issued, but may be reauthorized for 2 years by the Legislature.* • GO bonds are issued by the State Treasurer with the full faith and credit of the State. • Th

LEGISLATING A RUN AROUND THE MAINE CONSTITUTION

  Tweet This  http://goo.gl/mQ4e0l Administrative law is commonly defended as a new sort of power, a product of  the 19th and the 20th centuries that developed to deal with the problems of modern society in all its complexity. From this perspective, the Framers of the Constitution could not have anticipated it and the Constitution could not have barred it. What I will suggest, in contrast, is that administrative power is actually very old. It revives what used to be called prerogative or absolute power, and it is thus something that the Constitution centrally prohibited.  The History and Danger of  Administrative Law   Philip Hamburger, Columbia Law School Jonathan Gruber, an architect of Obamacare bragged about how the United States legislature passed ObamaCare , turning over a sixth of the U.S. economy to the government , Gruber admitted that the Obama administration went through "tortuous" measures to keep the facts about the legislation from the American people,