Rethink the Governor of Venture Capital ← Memo to the Junior Senator Swamp Draining Would Be Win-Win-Win → guest Justin, the more you publicize Sen. Morgan the more obviously it becomes she is either clueless or just disingenuous. Her quote implies that if the pension fund were in better shape she would support COLA’s to retirees. Show us a shred of evidence that she supported COLA’s when the state’s retirement system was in purportedly better shape. Totally disingenuous comments. Typical politician. BasicCaruso “The larger deficit… was the result of a number of factors including lowered expectations for public employee wage growth, inflation and investment returns. Last fall the State Retirement Board lowered the assumed investment return from 7.5 percent to 7 percent.” I’m sure some would say that’s “cooking the books” but sounds like a step in the right direction to me. Morgan appears to be making a cynical attempt to score political points by spinning this one as an issue of bad investments (“investment performance has recently surged with the stock market”).