Vermont Teachers Fund Becomes First to Stand Against Bush Retirement "Reforms"

From the Vermont Press Bureau/Times Argus:

MONTPELIER — The Vermont State Teachers' Retirement System Tuesday became the first public pension board in the country to take formal action against President Bush's proposed Social Security reforms.

The trustees of the largest of Vermont's three public pension boards, in a 4-2 vote, threw a roadblock in front of investment firms that favor the President's reform proposal. The vote will make it harder for those firms to be picked to manage the $1.2 billion in assets in the state's teachers fund.

The two dissenting votes were cast by trustees appointed by Gov. James Douglas.

For you Flatlanders, Jimmy Douglas is NOT ONLY Bush's bestest friend this far north (Canada doesn't seem to care for our King George) but he spent most of his first term outside the state of Vermont campaigning for George (silly man, Diebold already had that whole thing taken care of).

Oh, yes, and one more thing. Vermont governor James Douglas makes G. Gordon Liddy seem like a quiet, loose-as-a-goose stoner by comparison.