Texas Land Commissioner George P. Bush
Zoom in. Adding weird bad teeth to the list of what's wrong with this clown.
Posted on 03/03/2019 9:00:07 AM PST by bgill
Texas' public schools are starved for cash. Teachers need raises. Legislators are in Austin, looking for money. We found some. Several hundred million dollars a year, in fact. A new Houston Chronicle investigation, "Broken Trust," reveals that the Texas Permanent School Fund – at $44 billion, the country's largest education endowment – should be billions larger than it is. Politically connected investment managers are collecting soaring fees while returns lag behind other comparable funds. The fund is managed by officials in two separate agencies, one of which is led by Texas Land Commissioner George P. Bush. When inflation is taken into account, it is sending less money to schools that it did decades ago. The fund pays out far less each year, as a share of its value, than other similar endowments. Just raising that payout to an average level would mean nearly $720 million more a year for Texas schoolchildren. "What the (expletive) is wrong?" a former land commissioner asked after talking with a reporter. The fund operates largely in secret, aided by little-noticed laws and a recent decision from the Texas Supreme Court. We spent nearly a year fighting for records, conducting interviews and finding experts to help us evaluate how well the fund is being managed.
(Excerpt) Read more at mysanantonio.com ...
Texas Land Commissioner George P. Bush
Zoom in. Adding weird bad teeth to the list of what's wrong with this clown.
The fund operates largely in secret, aided by little-noticed laws and a recent decision from the Texas Supreme Court. We spent nearly a year fighting for records, conducting interviews and finding experts to help us evaluate how well the fund is being managed.
But your elected representatives will tell you very little. Many of their public reports about their investment returns are misleading, and some of them are stamped ominously: “Highly Confidential.”
and this just one ...........................
A significant part of the problem right there.
school funds are a cash cow/ slush fund for the deep state. They whine “it is for the kids” to get excessive funds form soft headed tax payers.
Underpay your taxes by $10 and you’ll get a letter sharpish demanding immediate correction.
Run a government agency, especially schools, flush cash down the bog and come begging for more while bragging what a wonderful job you’re doing and far too many people will treat you like a hero.
https://en.wikipedia.org/wiki/Permanent_School_Fund
In 1953, the United States Congress passed the Submerged Lands Act, which returned to the States the navigable territorial waters that had been historically the property of the States. Because Texas’s historical territorial waters originated with its period as a sovereign state, the US Supreme Court ruled in United States v. Louisiana (1960) 363 U.S. 1 (1960) that Texas was in the unique position of owning territory out to three leagues (10.35 miles) from its coastline. These lands were also added to the Permanent School Fund, further enlarging its assets.[2]]
Teachers need raises.
How much do they make now?.
Texas got the lottery solely to put the proceeds into education. Surprise how that’s not happening.
Texas got the lottery solely to put the proceeds into education. Surprise how that’s not happening. ....
Same with legalizing drugs in Colorado
What about the Lottery? They’re very suspicious in their ways. Are they donating money they say they are?
But.....do teachers DESERVE raises? Why is this question ever asked...
I just posted a question about this before I read your post.
I think Texas is being screwed all around.
I agree there. Do they teach or propagandize? Do they keep their personal life out of the school? Are they really qualified?
I’m 69 years old. Ever since I was old enough to read and write, I’ve heard about the “Po’, underpaid schoolteachers.”
They’ve made begging into a science.
In WV their average salary is roughly $5k more then the state average salary for a family of four for nine months work. And still it’s not enough!
Plus, a gold-plated retirement and medical benefits that are found nowhere in the private sector.
Texas Land Commissioner George P. Bush.
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PLEASE, Texas, DO NOT elect this idiot as your Governor so he can use it as a springboard to usurping the Oval Office.
His mother was a Mexican national when he was born and so was he.
Likely the biggest reason the GOP went along with the Kenyanesian Usurpation.
Course there was also Rubio, Jindal, Halley and Cruz.
We are in the process of starting a business that will benefit non profits. I couldn’t believe the rules and regs we fall under. We have to register with the AG in every state and have a surety bond in many. Then come the reporting requirements.
But certain businesses and government can just flush money with no questions asked. Sigh
I am not sympathetic. They knew what the job paid when they went into the profession.
Education was an easy degree compared to most.
Texas got the lottery solely to put the proceeds into education. Surprise how that’s not happening.
Silly me, that’s what I thought too.......(rolling eyes)
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