Government Pension Quotes & Sayings

You don't have to sleep with prostitutes or take drugs in order to have a relationship with organized crime. They affect our bank accounts. They affect our communications, our pension funds. They even affect the food that we eat and our governments. — Misha Glenny

It now remains for the United States government to set a sensible example to the
world by offering a bonus or a yearly pension to all obviously unfit parents who allow
themselves to be sterilized by harmless and scientific means. — Margaret Sanger

There is nothing inherently fair about equalizing incomes. If the government penalizes you for working harder than somebody else, that is unfair. If you save your money but retire with the same pension as a free-spending neighbor, that is also unfair. — Arthur C. Brooks

I took a hasty trip to Germany, Sweden, Denmark, the Netherlands, and England to talk to the officials of each Government about their pension provisions, and to talk to the responsible ministers in each country about the political "whys" of their legislation. — Judy LaMarsh

It's no go the picture palace, it's no go the stadium,
It's no go the country cot with a pot of pink geraniums.
It's no go the Government grants, it's no go the elections,
Sit on your arse for fifty years and hang your hat on a pension. — Louis MacNeice

State constitutions typically provide that the state first has to service its debt, then make it pension payments, and then pay for services. What we don't know is whether that order will be enforced. And ultimately, the busted state is going to be looking to the federal government for a bailout. Think Greece, but on a much bigger scale. — Eugene Fama

Some of the structural drivers of inflation have also weakened. Trade unions have become less powerful. Loss-making state industries have been privatized. But, perhaps most importantly of all, the social constituency with an interest in positive real returns on bonds has grown. In the developed world a rising share of wealth is held in the form of private pension funds and other savings institutions that are required, or at least expected, to hold a high proportion of their assets in the form of government bonds and other fixed income securities. In 2007 a survey of pension funds in eleven major economies revealed that bonds accounted for more than a quarter of their assets, substantially lower than in past decades, but still a substantial share.71 With every passing year, the proportion of the population living off the income from such funds goes up, as the share of retirees increases. — Niall Ferguson

One of the lesser-known contributions of the great Harriet Tubman was the devotion of her life after the war to a similar project. The woman who personally led three hundred slaves to freedom, who was a spy and "general" for the Union, spent her final years trying to establish the John Brown Home for the Aged. When the government refused to give her a full veteran's pension, the former general sold fruit and had a biography published to raise money for the institution. — Paula J. Giddings

Much of American wealth is an illusion which is being secretly gnawed away and much of it will be completely wiped out in the near future ... So what is the rest of your future? A grisly list of unpleasant events
exploding inflation, price controls, erosion of your savings (eventually to nothing), a collapse of private as well as government pension programs, and eventually an international monetary holocaust which will sweep all paper currencies down the drain and turn the world upside down. — Howard Ruff

[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

The implication that women work for pin money and can manage on a worse pension, presumably by relying on husbands, riles. But even more galling for women is that few government ministers seem to even appreciate the value of the work they do. — Frances O'Grady

Many governments have faced the proposal of One Rank One Pension but no solution has been found yet. — Narendra Modi

Social Security is a widely popular program because the individual has been deceived by the Statist to believe that the government has been prudently and diligently managing his accumulated pension investment in his Social Security account, which he presumes to be funded by his own payroll taxes. — Mark Levin

Social Security got passed because John D. Rockefeller was sick of having to take money out of his profits to pay for his workers' pension funds. Why do that, when you can just let the government take money from the workers? — Aaron Swartz

What was to be a relatively innocuous federal government, operating from a defined enumeration of specific grants of power, has become an ever-present and unaccountable force. It is the nation's largest creditor, debtor, lender, employer, consumer, contractor, grantor, property owner, tenant, insurer, health-care provider, and pension guarantor. Moreover, with aggrandized police powers, what it does not control directly it bans or mandates by regulation. — Mark R. Levin

The story of Detroit's bankruptcy was simple enough: Allow capitalism to grow the city, campaign against income inequality, tax the job creators until they flee, increase government spending in order to boost employment, promise generous pension plans to keep people voting for failure. Rinse, wash and repeat. — Ben Shapiro

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

People don't place their trust in government or company pension plans; they have to be self-reliant. — Scott Cook