State treasurer tells Troy University students to 'do the right thing, do it the right way and do it right away'

Posted: Wednesday, 10 February 2016

TROY - State Treasurer Young Boozer told a packed crowd of Troy University students Monday that his business and political philosophies are unified and simple.

"Do the right thing, do it the right way and do it right away," Boozer told the students during a lecture at Bibb Graves Hall. "When I first got into office, I sat down with my staff and told them this is how we're going to do things."

The lecture was sponsored by the Troy University Economics Club and featured Boozer explaining, among other things, the duties of his office.

"As treasurer, I am basically the banker for the state," Boozer said. "My office takes in revenue from all over the state and deposits it into banks around the state."

Boozer said he also manages money for about 20 other agencies that have their own funds.

He also supervises the Alabama Trust Fund, where he said his philosophy came into play.

"When I got there, I saw how it was structured. 'Do the right thing' was already in place," Boozer said. "It was put in place a long time ago and amended a bunch of times. That created a jigsaw puzzle that led to unintended consequences. I realized if we keep running it like this, the fund will go to zero. We can now change the way we manage the money for the 21st Century."

Boozer said his simple philosophy guides him in business, in politics and in his personal life.

Boozer was first elected to the post of treasurer in 2010, then was re-elected in 2014, running unopposed.

He credited, of all people, Jay Leno with helping him in his initial election.

"Someone from Mobile had gotten my push card," Boozer said. "Leno started with his 'Headlines' segment, and the first thing up was my card. He looks at the camera and says, 'I know this man is qualified, but this is the worst name in politics.'"

The comment drew a laugh from the crowd, but Boozer followed up by saying it was a blessing.

"Ladies and gentlemen, it was the best thing that could have happened to me," he said. "Jon Stewart mentioned it and so did Paul Finebaum."

Young Boozer