Filed under: Economy, Politics, Progressive | Tags: Alabama, Alabama PACT, Alabama Prepaid Affordable Tuition Fund, Kay Ivey, PACT
A very good question from Countrycat:
Alabama Treasurer, Kay Ivey, says she wants to save the PACT program. Why then, is she proposing legislation that gives the board the authority to dissolve it?
Read the whole thing and watch the video. At the very least, it seems that Ivey is talking out of both sides of her mouth.
When you call your legislators today, be sure and tell them that it is not acceptable for for the board to have authority to dissolve PACT. Only the Legislature should have that authority. Why? Because the Legislature set the program up to begin with.
If the board is given the authority to dissolve the program, I have no doubt that it will only be a short time before you start hearing Ivey saying that there is just no way to save the program. And you should be aware that having her make such statements would be a good way to start a run on the PACT fund, and then blame the participants for its failure.
I agree with Countrycat that this is likely an attempt to deprive PACT contract holders of leverage:
It appears that Ivey’s preferred scenario is the “worst case” option. Or maybe she just wants to be able to use dissolution as a bargaining chip to force her real preferred option down the throats of the parents: “Oh, you don’t like what we’re planning? Guess we’ll have to dissolve the PACT!”
So keep your head in the game and communicate clearly with your representatives in Mongomery.
