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Proposition 71, like other attempts to micromanage government at the ballot box, does not merit our votes in November.

The initiative would direct state government to borrow up to $3 billion to support research over 10 years into stem cells, a type of cell with the miraculous ability to grow into any part of the body. Scientists say stem cell research could yield cures for spinal cord injuries, Alzheimer's, cancer and dozens of other afflictions.

Such research is controversial because stem cells showing the most promise are harvested from human embryos, entangling scientific inquiry in the abortion debate. Eventually, ethical obstacles could evaporate with, for example, greater exploitation of stem cells taken from adult tissues.

Still, it is worth remembering that all research relies upon great gambles. Certainly, government should support good bets if researchers can persuade policymakers on the merits. That is why state and federal money flows to universities every year.

Since 2000, California has created institutes to stimulate research into nanotechnology, biomedical science and telecommunications ----- using the ordinary funding mechanisms of state government. A major push into stem cell research could ensure state leadership in a life-saving, worldwide industry.

But Prop. 71 is the wrong method. There is no good reason to bypass the Legislature and the governor, using borrowed money.