By Taxpayer Association of Oregon
Yesterday thousands of Oregon teachers and students protested for more funding. Here is our honest take on what their signs should have been saying.
Sign #1. “Fully fund the PERS Ponzi scheme”
— Don’t take my word that our $26 billion Oregon government pension debt (PERS) is a Ponzi scheme. Katy Durant, chair of the Oregon Investment Council was quoted in The Oregonian as saying, “We should have been addressing this 20 years ago and it’s just been building. It’s a little bit like a Ponzi scheme. Sooner or later it’s going to catch up with you.”
Sign #2. “40% increase isn’t enough, we want 400%”
— Education funding has increased 40% over the last six years. Have you received a 40% raise to pay for the 40% increased cost?
Sign #3. “Balanced budget? Never!”
— Oregon is already the 4th fattest, biggest spending state government in America per-capita. If we can’t balance our budget by spending more than 47 states per-capita, then do you really think it will be enough when we hit #1? Our budget will never be balanced.
Sign #4. “What do we want? $26B debt! When do we want it? Forever!”
— Don’t forget our government retirement pension debt is $26 billion in debt. As of today the Legislature has not passed a single bill to reduce a penny from the debt crisis. This is how you drive a state into bankruptcy.
Sign #5. “Free Kip Kinkel”
— In order to fund the $26 billion PERS debt, the politicians have been letting dangerous criminals out early. They already cut sentencing as much as 20% for auto thieves, property crime and ID theft prisoners. Now the same lawmakers are trying to reduce sentencing for younger murders which would include Oregon’s most notorious killer Kip Kinkel.
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