Vote No on Prop. 14, a costly, unnecessary bond measure

California’s experience with a publicly funded stem-cell agency has been mixed but the promise of new treatments and possible cures was tempting enough that voters OKd a $3 billion expenditure in 2004. That money is gone and backers want $5.5 billion more. Voters should say no to Proposition 14.
For one thing, times have changed and the original rationale — California doing what the feds wouldn’t — is no longer applicable. For another, private enterprise has taken a bigge