Recap of Article XI and it's children

After having read through Article XI and all of it's children (XI-A, XI-B, etc.), there are a couple of things that strike me as worth commenting on.  If you add everything up, the State can surely now take on a large amount of debt.  I've compiled a list of the child articles and the limits to the debt that can be incurred below.  Percentages are of the total market value of all property in the state.

• XI, Section 7, 1 percent, ad valorem property taxes allowed.
• XI-A, Section 1, 8 percent, ad valorem property taxes allowed.
• XI-B, Section 2, 1 1/2 percent, ad valorem property taxes not mentioned.
• XI-E, Section 1, 3/16 percent, ad valorem property taxes allowed.
• XI-F(1), section 1, 3/4 percent, ad valorem property taxes allowed.
• XI-F(2), section 1, 5 percent, ad valorem property taxes not mentioned.
• XI-G, section 1, 3/4 percent, ad valorem property taxes allowed.
• XI-H, section 1, 1 percent, ad valorem property taxes allowed.
• XI-I(1), section 1, 1 1/2 percent, ad valorem property taxes allowed.
• XI-I(2), section 1, 1/2 percent, ad valorem property taxes not mentioned.
• XI-J, section 1, 1/2 percent, ad valorem property taxes allowed.
• XI-K, section 2, 1/2 percent, ad valorem property taxes not mentioned.
• XI-L, section 1, 1/2 percent, ad valorem property taxes not allowed.
• XI-M, section 1, 1/5 percent, ad valorem property taxes not allowed.
• XI-N, section 1, 1/5 percent, ad valorem property taxes not allowed.
• XI-O, section 1, 1 percent, ad valorem property taxes not mentioned.
• XI-P, section 1, 1/2 percent, ad valorem property taxes not allowed.
• XI-Q, section 2, 1 percent, ad valorem property taxes not mentioned.

Were you keeping track? It adds up to just under 24 1/2 percent of the real market value of all property in the state of Oregon.  That's a lot of debt.
Another issue is that one of the assumptions that are made is that the price of real estate always goes up.  The banks make it when they give people and companies mortgages.  As we saw in the financial disaster that happened in 2006-2008, when real estate prices decline with some significance, it causes chaos and so all of the debt that the state has incurred is susceptible to causing bankruptcy should we experience another financial collapse and the government has been borrowing up to the limits.
Another thing that reading through this portion of the constitution is that since the mid-1990's, the residents of Oregon have been concerned about taxation levels, especially property taxes.  Later amendment proposals needed to include the prohibition against property taxes being the basis for the raising the money to pay back the debt incurred because the proposals would not pass during an election otherwise.
In my mind, this is a striking example of the conflict between compassion and fairness.  People are not uniform users of government services and public "goods" such as roads and sewer systems.  People's contributions to the expense of government services and public goods are also not uniform.  The people at the ends of either extreme often are the subject of debate.  There is a sense of fairness that you should get about the same as you contribute, but this is certainly not true for everyone and for those who get a lot without much contribution, this can either be viewed through the lens of compassion or the lens of suspicion by those who contribute a lot, but get not so much.  And due to the opacity of the governmental conduit that does the transfer, it is sadly the lens of suspicion which seems to prevail.