Filed under: Economy, music, Politics | Tags: Alabama, Alabama PACT, Alabama Prepaid Affordable Tuition Fund, PACT
Because you can never have too much of the Pogues.
Working to get a post or two on PACT together now.
Havealittletalk has uncovered some interesting things about what Kay Ivey does with her summers. This past summer, for instance, she was a panelist on the “Treasurers Innovation Roundtable” at the National Association of State Treasurers conference, which was held at a swanky resort in Maine. And guess what the topic was?
I’ll let the program tell you:
“Hon. Kay Ivey, Alabama: Achieving Accountability with Strategic Planning”
I find the word “innovation” striking in this context. For years, mortgage-backed securities and credit default swaps were called “innovative” financial products. Of course, a couple of months after Ivey attended that conference , the Bear Stearns hedge funds collapsed. I haven’t heard anyone using the word “innovative” for those financial products since then.
I don’t see much evidence of strategic planning with PACT. It looks more like they took the money and gambled for short-term profits to me. And I don’t see how you get to accountability through strategic planning. It looks like an unintentional non-sequitur to me.
The way you achieve accountability is by maintaining a high degree of transparency.
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