Wanted: Oregon Fiscal Child Abusers

Chris Edwards wrote “10 Reasons to Oppose a Stimulus Package for the States.” Reason #5: Rising Federal Debt is Fiscal Child Abuse. The so-called stimulus package would be financed with borrowed money, read: more debt, the burden falling “on young people and future taxpayers.” Oregon is full of fiscal child abusers. Gov. Kulongoski proposes an economic-stimulus-elixir $600 million bond sale. Add interest. That’s perhaps $1 billion of new debt. For the children. The city of Portland’s current-and-ever-growing debt is $9,400 per person. Yet, Mayor-elect Adams crows to build a government-owned convention center hotel, piling on at least $225 million in city bond sales. Add a guestimate for interest: Think $330 million deeper in debt. Think $600 more debt per person. For one local project. Fiscal child abusers exist throughout Oregon. Bring them to light for the damage they are doing.

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Posted by at 06:00 | Posted in Measure 37 | 631 Comments |Email This Post Email This Post |Print This Post Print This Post
  • Sagano

    I think we are remiss in that it is the Feds who take tyeh state’s money. All we want is some of it back in times of crisis of which we are in. Companies cannot borrow in this environment, Governemnt can and does all the time.

  • BXBrian

    Хорошая тема, сколько вокруг непознанного!

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