November 30, 2006
Gambling on the backs of teachers
Both Capitol Annex and The Somervell County Salon tagged Perry's desire to further erode the financial health of the Teacher's Retirement System. You know, the one that guarantees the retirement incomes of hundreds of thousands of Texas teachers... yeah, that one. The one that's 13 BILLION underfunded.
Texas Governor Rick Perry wants the Texas Teacher Retirement System to invest as much as $600 million in so-called emerging start-up businesses that his Texas Emerging Technology Fund has also invested in. This is in spite of the fact that most of these companies have uncertain futures and no worthwhile revenue to speak of.
Don't rip on Perry too hard for wanting to invest retirement money in untested companies. He could have suggested investing in Enron.
Posted by mcblogger at November 30, 2006 06:36 PM
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Comments
Rick looks like shit in that photo---did he lose his dildo??
Posted by: DemoDame at December 2, 2006 12:50 PM
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