The Press-Register on PACT

The Mobile newspaper is editorializing today about the state's "promise" to PACT parents. They say it will be difficult to do but we must pay for the tuition for PACT students. I wish the paper's editorial board would watch the "For The Record" video from October 25,2006 that I linked to earlier, in which Republican State Treasurer (then Republican incumbent) Kay Ivey plainly says [at 15:32 into the program] there is NO guarantee...no promise, if you will, with the program. PACT was an investment program with risks, not a savings account with low simple interest. I hate it for the folks who tried to prepare for their kid's college, but--again--welcome to the economy of 2009 club! Anybody with any investment on Wall Street lost their shirt. You are not alone.