[Peace-discuss] Not only our federal taxes...

[Jenifer Cartwright]

Yeah, I noticed years ago that TRS (Teachers' Retirement System) was using MY money to buy Israel Bonds and sent them an email protesting that.... and now, the return from those invested $$$ (in part) is what's supporting my retirement, grrrrr.
 --Jenifer   

--- On Fri, 1/30/09, Randall Cotton <recotton at earthlink.net> wrote:

From: Randall Cotton <recotton at earthlink.net>
Subject: [Peace-discuss] Not only our federal taxes...
To: peace-discuss at lists.chambana.net
Date: Friday, January 30, 2009, 6:25 PM

I wasn't aware of this, but apparently our Illinois state taxes also
finance Israel's war crimes, and lucratively so.

R
January 28, 2009

WASHINGTON (JTA) -- The state of Illinois has purchased $10 million worth
of Israel Bonds.

The Israel Bonds will mature in three years with a 2.43 percent rate of
return, compared to U.S. government bonds yielding a 1.51 percent return
during the same period, according to Illinois state treasurer Alexi
Giannoulias.

"This is a good way to safely diversity our portfolio, especially during a
time when some of our other investment options aren't generating as much
revenue because of the market fluctuations here in the United States,"
Giannoulias said in a statement.

"Israel's economic resilience has been praised by international credit
agencies, and we are proud that the state has also expressed confidence
through this significant investment," said Joshua Matza, the president and
CEO of Israel Bonds.

This is not the first purchase of Israel Bonds by Illinois, which started
buying foreign government bonds in 2003.

http://jta.org/news/article/2009/01/28/1002600/illinois-makes-big-israel-bonds-purchase

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