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Wednesday, August 30, 2006

Krusty Konservative: Yepsen backs Culver's Risky IPERS Scheme

Excerpted from this post at Krusty Konservative

I'll start by saying that I was disappointed in Yepsen's endorsement of Culver's plan. Yepsen wrote, "Chet Culver is getting a bum rap on part of his economic-development plan for Iowa. The Democratic candidate for governor has suggested using more of the Iowa Public Employees Retirement System (IPERS) pension fund's venture capital money to invest in high-tech and manufacturing business start-ups in Iowa. It's something other states do. It would help start more new businesses in Iowa. It might even bolster the soundness of the fund by improving the Iowa economy. Republicans are attacking the idea, saying it might make the fund unsound."

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Mike Schramm
Andy Szal

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