Foolish policy puts state retirement funds at risk
The disgraceful situation regarding retirement funds of state employees being in the hands of one man demonstrates how foolish things are. Richard Moore is running for governor with assistance from state funds being spent in self-promotion like his counterpart, Attorney General Roy Cooper. Moore has even refused to obey the law requiring annual reporting of performance.
The General Assembly has entrusted this man with $75 billion only to be rewarded with mediocre results at best. The use of state funds in self-promotion was made into an art form by Mike Easley, and if Moore can get by Beverly Perdue in the Democratic primary, he will be our next governor -- since voters in North Carolina follow, lemming-like, the Democratic nominee without much thought about issues.
Moore's wife is an heiress to a $2 billion fortune, and he doesn't need to accept questionable contributions from people he deals with investing state employees' funds. If they behave like this before the election, just imagine what you could expect afterwards.
While the General Assembly spends time banning incandescent light bulbs in 10 years, Moore will go right along double-dealing with retirement funds and campaign contributions.
God pity this state.
Ken Lewis
Greensboro