In addition to rejecting all scientific view points and making up science and history as they go along, apparently the Texas Board of Education doesn’t listen to anyone about how to invest the Board’s multi-billion dollar trust either. That’s right, the crazy creationist history revisionists are ALSO in control of the funding for the schools of Texas… and they’ve invested the money with a group that lost all of another school’s money on bad investments. Good going. At this rate we won’t have to worry about Texas setting textbook standards because we’ll be too broke to buy any.

The State Board of Education doesn’t confine its dysfunction and discord to battles over what should be in history and social studies textbooks and how to teach science and grammar. The elected 15-member board also watches over the Permanent School Fund, an endowment of more than $23 billion that helps to pay for textbooks, salaries and the like.

When it comes to investing what is the state’s second-largest fund (only the Teacher Retirement Fund is larger), the internal rivalries on the SBOE can cause trouble; members don’t always trust their colleagues, their staffs, or their consultants when it’s time to make complex decisions. And only a few members of the SBOE have any real grounding in large-scale finance. Legislative efforts to put responsibility for the fund into more professional hands have failed, though lawmakers vow to try again.

In addition to rejecting all scientific view points and making up science and history as they go along, apparently the Texas Board of Education doesn’t listen to anyone about how to invest the Board’s multi-billion dollar trust either. That’s right, the crazy creationist history revisionists are ALSO in control of the funding for the schools of Texas… and they’ve invested the money with a group that lost all of another school’s money on bad investments. Good going. At this rate we won’t have to worry about Texas setting textbook standards because we’ll be too broke to buy any.

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