When U.S. Drug Czar John Walters spoke in Portland last Friday he touched on the theme of his administration’s ad campaign: that if you use illegal drugs you’re helping to finance terrorism. He could have more accurately said that if you prohibit the sale of drugs, or raise cigarette taxes to abnormally high levels, you’re helping to finance terrorism.
We can ban products, but (more…)
Gubernatorial candidate Ron Saxton deserves praise for making the state’s financially insolvent Public Employees Retirement System a campaign issue. The fact that PERS threatens to bankrupt Oregon cities, counties and school districts is not news to elected officials. Previous reforms have left the fundamentally flawed structure of PERS intact, and the mounting debt is getting harder to ignore. Let’s talk real solutions.
Last year Cascade Policy Institute asked one of the (more…)
Recently the Westside Economic Alliance and others sponsored an economic “summit” to examine the economy of the Portland metro region. The centerpiece was a presentation by economist Joe Cortright.
Cortright’s extensive research showed that Washington County is the economic driving force in the region. Not surprisingly, high technology leads the way. That sector has over 60,000 jobs and is (more…)
Oregon’s budget crisis is a blessing in disguise for schools. It has helped expand education debates from a myopic focus on total funding to a more useful discussion about spending priorities.
Despite an 11 percent increase in the K-12 education budget from the previous biennium, core education services are (more…)
The collapse of Enron has been grabbing headlines for months. Politicians are on a warpath to get to the bottom of the scandal. Their outrage is justified, but their vigilance shouldn’t end with Enron. Federal, state, and local governments are guilty of egregious fiscal mismanagement-on a much larger scale.
Worried about the lost retirement funds of Enron employees? It pales in comparison to (more…)