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Limiting Oregon's future.

Publication: The Register-Guard (Eugene, OR)
Publication Date: 29-OCT-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Limiting Oregon's future.(Editorials)(Be glad Measure 48 wasn't on the books in '67)(Editorial)

Article Excerpt
Byline: The Register-Guard

Measure 48 relies on the seductive premise that if government spending is allowed to keep up with inflation and population growth, there should be plenty of money for public services. Just how flawed this premise is can be discovered by looking at what Oregon's budget would be like if Measure 48 had been adopted earlier.

The U.S. Bureau of Labor Statistics uses 1967 as the baseline for its Consumer Price Index. By 2005 the index had risen to 579 - that is, an item that cost...



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