A Paterson administration source tells NBCNew York the Governor distanced himself from the Ravitch planl, and has since distanced Ravitch from the budget process because he saw the legislature seizing on the
borrowing idea and did not want to enable them to make
irresponsible decisions.
«That this House notes that young people today grow up in an increasingly complex financial world requiring them to make difficult
decisions for the future, often without the necessary level of financial literacy; believes that financial education will help address the national problem of
irresponsible borrowing and personal insolvency and that teaching people about budgeting and personal finance will help equip the workforce with the necessary skills to succeed in business and drive forward economic growth; further believes that the country has a duty to equip its young people properly through education to make informed financial
decisions; and calls on the Government to consider the provision of financial education as part of the current curriculum review.»