Success and frustration | Opinion

The 79th regular session of the Oregon Legislature finished its work Friday, having fulfilled its fundamental responsibility to pass a balanced budget. But the budget was balanced in a way that brings to mind economist Herbert Stein’s Law: If something can’t go on forever, it will stop. The structural problem in Oregon’s public accounts can go on unaddressed in the two-year budget period that began July 1, but it can’t go on forever, with double-digit spending increases every two years. The Legislature let slip an opportunity to stop the unsustainable trend on its own terms.

Source: Success and frustration | Opinion | Eugene, Oregon