Borrowing money to cover operating expenses is just plain stupid. The results speak for themselves. Oregon is out of borrowing capacity until 2014 and it is currently deep in the hole on revenues. That is a toxic mix.
Just look at the nonsense labeled "pressing needs"
New state hospital
A collaborative research building at Oregon Health & Science University
A statewide emergency radio network
Slew of projects at community colleges
http://globaleconomicanalysis.blogspot.com/2010/09/cold-hard-reality-hits-oregon-treasurer.html
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