“The simple index fund solution has been adopted as a cornerstone of investment strategy for many of the nation's pension plans operated by our giant corporations and state and local governments. Indexing is also the predominant strategy for the largest of them all, the retirement plan for federal government employees, the Federal Thrift Savings Plan (TSP). The plan has been a remarkable success, and now holds some $173 billion of assets for the benefit of our public servants and members of armed services.” Has BeensStatesGovernmentNationsSimplePlansMembersBenefitsSolutionsStrategyInvestmentInvestingBillionsLocalsSavingCorporationsServantGiantsEmployeeRemarkableFundRetirementAssetsFederal GovernmentAdoptedSavingsPensionCornerstonesThriftPublic ServantsLocal GovernmentIndex FundsArmed ServicesGovernment EmployeesIndexingPension Plans Author:David F. Swensen
“The idea that a relatively fixed group of privileged people might shape the economy and government for their own benefit goes against the American grain. Nevertheless, the owners and top-level managers in large income-producing properties are far and away the dominant power figures in the United States. Their corporations, banks, and agribusinesses come together as a corporate community that dominates the federal government in Washington. Their real estate, construction, and land development companies form growth coalitions that dominate most local governments.” PeopleIdeasRealStatesGovernmentMightTogetherFormGrowthCommunityLevelsUnitedCompanyUnited StatesEconomyGroupsLandFiguresDevelopmentShapesBenefitsPropertyIncomeLocalsManagersCorporateCorporationsFixedOwnersConstructionGrainNeverthelessDominantEstatesPrivilegedFederal GovernmentCoalitionsLocal GovernmentAgribusiness Author:G. William Domhoff
“In the 1950s, buggery was a criminal offence. Now it's a requirement to receive benefits from the federal government.” GovernmentBenefitsCriminalsRequirementsFederal GovernmentOffence Author:Garry Breitkreuz
“We are not spending the Federal Government's money, we are spending the taxpayer's money, and it must be spent n a way which guarantees his money's worth and yields the fullest possible benefit to the people being helped.” PeopleWayGovernmentBenefitsSpendingGuaranteesYieldFederal GovernmentTaxpayers Book:Public Papers of the Presidents of the United States: Richard M. Nixon, 1973 Source: Public Papers of the Presidents of the United States: Richard M. Nixon, 1973
“When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans.” YearsMayGovernmentActionChoicesThreePoliticianTaxesBenefitsRaisesAveragePrintFederal GovernmentRevenue Author:Ron Paul