PFD checks could dip to near nothing, fund director warns

[starlite9]

The fund was suppose to be averaged over five years.

This is crap about a $68.00 check was followed by a statement that they "May" be able to keep it at $1200.00 if everyone voted for it "And" that the State could have access to 5% a year to the fund.

There is no problems with following the original plan for a five year average, when the markets went up like a rocket, they weren't in any hurry to increase the fund faster than the five year average.

They should just end the program, divide the balance over the last years applicants and pay it out in a one time sum... Then the state won't have any carrot to dangle to get people to vote for their having access to spend on pork. When oil was $14.00 a barrel, they were talking about raising taxes, and when it went to over one hundred, they just started spending like drunks sailors on a three day liberty call....

Now they have spent all the gains they made.

[The Grill God]

I don't think they are being mismanaged, I think they are taking a hit like everything else (with the exception of McDonalds). I think they are looking at the worse case scenario.

[The Grill God]

I don't think they are being mismanaged, I think they are taking a hit like everything else (with the exception of McDonalds). I think they are looking at the worse case scenario.

[akvarmit]

Originally Posted by starlite9

they just started spending like drunks sailors on a three day liberty call....

I like the comparison......nicely put. You could nationalize that comparison, too!