{"id":1123,"date":"2007-10-25T09:22:36","date_gmt":"2007-10-25T14:22:36","guid":{"rendered":"http:\/\/lincolndemocrat.com\/?p=1123"},"modified":"2007-10-25T09:24:05","modified_gmt":"2007-10-25T14:24:05","slug":"inflation-misinformation","status":"publish","type":"post","link":"https:\/\/lincolndemocrat.com\/?p=1123","title":{"rendered":"Inflation misinformation"},"content":{"rendered":"<p>This will be brief. I&#8217;ve got more of Lakeside to leaflet today. I&#8217;m about 75% done with the 2nd District.<\/p>\n<p>I&#8217;ve heard it argued that because of the School Board&#8217;s neglect we now face this awesome need for $293 million in new buildings. I believe I&#8217;ve pointed out before that the argument that the Board has been neglecting buildings for the last fifteen years is nonsense. That may have been true in the 1970&#8217;s and 1980&#8217;s but starting with Mark Myles in the early 1990&#8217;s the School Board began putting roughly $2 million a year into long term maintenence. The ten year plan is still in effect. The District has spent about $30 million on maintenence and repair since the first ten year plan.<\/p>\n<p>As for the idea that because we didn&#8217;t pass 1989&#8217;s $55 million building plan we now face the gruesome prospect of a $293 million plan because of inflation. That&#8217;s simply assinine. It presumes an astonishing 500% rate of inflation over the past 18 years. I found an online inflation calculator and although it only took me up to 2006 it showed that 1989&#8217;s $55 million dollars would be the equivelent of $90.3 million in 2006. That&#8217;s less than a third of the Red Plan&#8217;s cost. <\/p>\n<p>Don&#8217;t blame neglect or inflation for the Red Plan&#8217;s extravagance. Blame foolishness. Blame greed. Blame inflated egos. The old school board did what it was supposed to.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This will be brief. I&#8217;ve got more of Lakeside to leaflet today. I&#8217;m about 75% done with the 2nd District. I&#8217;ve heard it argued&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[79],"tags":[],"_links":{"self":[{"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=\/wp\/v2\/posts\/1123"}],"collection":[{"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1123"}],"version-history":[{"count":0,"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=\/wp\/v2\/posts\/1123\/revisions"}],"wp:attachment":[{"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}