Federal Government Retirement Quotes & Sayings

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. — David F. Swensen

[The US] budget is dominated by the retirement programs, Social Security and Medicare - loosely speaking, the post-cold-war federal government is a big pension fund that also happens to have an army. — Paul Krugman

But did the Founding Fathers ever intend for the federal government to involve itself in education, health care or retirement benefits? The answer, quite clearly, is no. The Constitution, in Article I, Section 8 - which contains the general welfare clause - seeks to restrain federal government, not expand it. — Larry Elder