Wednesday, September 13, 2006

Nussle debuts new TV commercial on Culver’s IPERS plan

DES MOINES, IA – "Chet Culver’s risky scheme to raid the state’s public pension fund is in the spotlight again, now as the focus of Jim Nussle’s latest statewide television commercial," reads a release just issued by the Nussle camp.

The new TV spot coincides with the Culver campaign late yesterday reiterating Culver’s commitment to using pension funds to finance startups:

Entitled “Economic Plan” the TV spot educates Iowans on Culver’s recent proposal to use the Iowa Public Employees’ Retirement System (IPERS) on high-tech start-up businesses.

“The more Iowans are educated on Culver’s risky scheme to raid IPERS and bankroll hard-earned pension dollars on high-tech start-ups, the more they understand Chet really doesn’t have a responsible, common-sense plan for economic development,” commented Nussle’s running-mate, Lt. Governor Candidate Bob Vander Plaats. “For our next Governor, Iowans deserve experienced leadership with proven results who won’t get caught with their hand in the public pension cookie jar. Jim Nussle will fight to preserve, protect and strengthen Iowans’ retirement, not use precious pension dollars for an overt political agenda.”

To view the ad, go to:

Script of Economic Plan (:30)

ANNOUNCER: Chet Culver’s economic plan starts with cash -- your cash -- your IPERS pension money. Culver wants to “redirect” pension funds into high tech startups that go bankrupt 60% of the time. If you don’t remember these startups, it’s because they go bankrupt. Culver’s plan tells you he will use your pension money. Politicians should keep their hands off of your retirement money. On Culver’s plan, newspapers say it best: ‘…pension funds are not the chips to gamble.

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