Proposition 14, according to California’s legislative analyst, “Authorizes Bonds to Continue Funding Stem Cell and Other Medical Research.” A “yes” vote means “the state could sell $5.5 billion in general obligation bonds primarily for stem cell research.” As David Jensen notes at Capitol Weekly, there’s a bit more to it.  The $5.5 billion would...
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In 2004, voters passed the $3 billion Proposition 71, the California Stem Cell Research and Cures Initiative, which created the California Institute for Regenerative Medicine (CIRM). In the following 16 years, CIRM created none of the promised life-saving cures for Alzheimer’s and other diseases. Even so, with the $3 billion running out, CIRM went...
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