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Originally Posted by Steven The cost you claim of $6 billion is off by 100% of the actual cost. The cost is $3 billion over 10 years. I'm glad that the propsition passed. Hopefully it will make up for the limits that Bush has put in place on federally funded stem cell research. |
Aye. stem cell ressearch is good.
Some of these loans are bullshit though. So check this out... $3 Billion dollars over 10 years will be used for stem cell research, that's $300 million over 10 years. But... we're taking out $6 billion in loans/bonds which is 50% interest, and 50% principle... so... $3 billion in interest California is paying off. So... we're paying $200 million a year for 30 years, instead of just forking up the $300 Million a year for 10 years? Their logic drives me up the wall sometimes.