Amendment would allow investing of school funds

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  • You must be kidding.
    Oct. 22, 2008 8:51 p.m.

    Not just no, but HECK no!!

  • Dragonboy
    Oct. 22, 2008 4:52 p.m.

    Well I'm not sure I would normally have been a proponant of investing public education money in the stock market but right now it seems like a good idea. If I'm wrong, and I'm never wrong, the market will continue to drop. Right now the market which had been overvalued for a long time imo is actually valued at a good price. Assuming the US isn't going to collapse completely (and I believe it won't) I think the stock market is a good investment at present. In addition by investing in the stock market right now we actually help it to rise and begin again on its upward path.

  • Oops, I mean Voting No on E
    Oct. 21, 2008 6:32 p.m.

    ... although I voted No on B too for similar reasons.

  • Anonymous
    Oct. 21, 2008 5:55 p.m.

    What a great idea! Instead of using the money to educate kids we can play the stock market and see if we can make more money than we put into it.

    Is this a Stephenson idea? Sounds like one.

  • Stewart
    Oct. 21, 2008 12:44 p.m.

    This is probably OK, but I will vote against it, because I am not sure if there are proper safeguards against graft and corruption. Just like the business interests that want to get their hands into the public education K-12 pot, there could also develop opportunities for corruption of this fund.

  • Voting No on B
    Oct. 21, 2008 11:12 a.m.

    This amendment would authorize the State of Utah to play favorites in the market with its investment choices.

    Taxpayer-supported entities shouldn't be in the business of enriching some people at the expense of others. Privatized profits and socialized costs would flow from this amendment.

    The State of Utah shouldn't be in the education business either.