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government-controlled investment

Essay specific features

 

Issue:

Social Issues

 

Written by:

Julius W

 

Date added:

August 16, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 320

 

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3780 times

 

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Essay content:

This is because a government-controlled pension fund would not face the competitive pressure and legal obligation to make investments solely for the economic benefit of future retirees. As one expert has explained: Giving the federal government that power and control would create large risks for the economy and for the retirement security of today??s workers...
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As one expert has explained: Giving the federal government that power and control would create large risks for the economy and for the retirement security of today??s workers. The Congressional Budget Office, for instance, has warned: For example, evidence at the state and local levels with public employee pension funds??as well as evidence from similar arrangements in other nations??demonstrates that politicians and their appointees often are tempted to steer the government-controlled pot of money toward special interests, political allies, or corporate contributors...
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