Sunday, May 27, 2012

Texas teachers’ pension fund invests in casinos, loses $99 million

For everyone out there that thinks Casinos and expanded gambling will help Texas financially, like State Rep Mike "Tuffy" Hamilton and Joe Straus, this article is for you from the Dallas Morning News:

Texas teachers’ pension fund invests in casinos, loses $99 million
http://www.dallasnews.com/investigations/headlines/20120512-texas-teachers-pension-fund-invests-in-casinos-loses-99-million.ece

Seriously, if Casinos and Gambling were that great then why are the big gambling states like Nevada (Las Vegas) in a financial crisis? If you family had financial problems would you tell your wife that the next paycheck you get you are not going to buy food and instead will go to the casino to make things better?

Texas is smart, we have done well financially in a bad economic downturn and have created more jobs than all the other states combined. We did that by building a real and stable business foundation and not by trying to rely on a bet.

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