It’s as if They’re Mocking Us
You have to laugh so as not to cry:
The General Assembly has given final approval to two bills – (2007 – S0804A) by Senator Issa and (2007 – H6235) by Rep. Raymond C. Church (D-Dist. 48, North Smithfield, Burrillville) – to empanel a 15-member study commission to report back to the legislature early next year on the status of youth financial education in the state. The study group will include, besides three Senators and three members of the House, individuals such as the Commission of Elementary and Secondary Education, the General Treasurer, a member of the Society of Certified Public Accountants, a member of the Rhode Island Bankers Association and a high school and middle school teacher. …
General Treasurer Frank T. Caprio, a longtime promoter of the RI Jump$tart Coalition and advocate for financial literacy, believes that “too many Rhode Islanders have become compromised due to record-setting indebtedness and all-time low personal savings. Government, educators, businesses, parents all play an important role in reversing today’s alarming personal financial trends through increases financial literacy.”
I move to amend any legislation resulting from this study such that members of the General Assembly will have to show improvements in their own financial literacy, as well.