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This is from Rulon Stacy, CEO of the Poudre Valley Health System:
The problem with the TABOR amendment is that while it is very good at controlling spending in time of economic growth, it does not allow for appropriate recovery after an economic downturn. To draw an analogy to your own personal family budget, imagine that you lost your job and the income into your home was significantly reduced. Naturally, you would reduce all of the expenses in your home by eating more frugally, driving less, reducing expenses on entertainment and doing anything possible to limit what you spent.
Knowing that you could postpone some essential expenses until you found another job, you would intentionally discontinue some very important expenses with every intention of picking those up again when you found a new job.
However, imagine that once you found another job and could again afford to do regular maintenance on your furnace or paint your home or send your kids to college, you also found that there was legislation preventing you from ever spending more on expenses than you were currently spending.
Even though you could once again afford to send your child to college or paint the house, you would be prohibited from doing so because legislation did not allow you to increase your expenses.
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