Wednesday, October 13, 2010

Hickenlooper considers dipping into state retirement fund

Democratic gubernatorial candidate John Hickenlooper said Tuesday Colorado could tap part of the $33 billion state retirement fund for loans to small businesses, providing up to $150 million a year to help stabilize its economy.

Hickenlooper told workers at a prescription data center the state should use its assets for loans. He said the state could raise $100 million from investors and securitize about $50 million from the Public Employees Retirement Association to provide the loans.

“We would only use a small part of state retirement funds. It would have to be run like a business. This would provide access to capital they can’t get now,” Hickenlooper said.      More

3 comments:

  1. I have a feeling this isn't going to end well!

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  2. First Ritter taps the VA fund for Armory's, now this, he lost my vote.
    Idiot just needs to audit the state to the core and remove waste, not add to the debt, thats right Hick, idiots only have tunnel vision and you spend and borrow.

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  3. Dan Maes is the only fiscal conservative in the race! If you are fed up with stealing from Peter to pay Paul... vote Republican. Vote Dan Maes.

    ReplyDelete