#savings

Social Security is not a retirement savings plan; it is a social insurance program. It's a contract that says, as a society, we will look out for you and your family when you can no longer work. ↗

— Jeff Bingaman

#family #insurance #longer #look #out

President Roosevelt, the author of Social Security, was the first to suggest that, in order to provide for the country's retirement needs, Social Security would need to be supplemented by personal savings accounts. ↗

— John Doolittle

#author #country #first #need #needs

Financial service providers act as the lubricating oil in the economy. They link consumers who want to invest their savings for a good return with companies who want to borrow on best terms for expansion. ↗

— John Bruton

#best #borrow #companies #consumers #economy

Once the brokerage house, rather than the bank, became the locus for American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker. ↗

— Ron Chernow

#bank #banker #became #because #broker

In economic panics throughout history, the wiping out of the savings accounts of lower earners and the middle class has often led to social revolution, sometimes violent upheavals. ↗

— Nick Clooney

#class #earners #economic #history #led

With our national savings rate well below one-percent, it is imperative that the government embrace innovative and cost-effective means of boosting personal savings. ↗

— Jim Cooper

#cost-effective #embrace #government #imperative #innovative

We say that anytime budgets are balanced and an ample savings account has been set aside, government should just stop collecting taxes. Better to leave that money in the pockets of those who earned it, than to let it burn a hole, as it always does, in the pockets of government. ↗

— Mitch Daniels

#always #ample #anytime #aside #balanced

Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms. ↗

— Toshihiko Fukui

#allocating #among #channeling #corporate #crucial

But what we're determined to do, and what the reforms will do is to make sure this system goes back to its core purpose of taking the savings of Americans and from investors around the world and allocating those to people with an idea, not just the largest companies in the country, but to small businesses with an idea and a plan for growing. ↗

— Timothy Geithner

#around #back #businesses #companies #core

We tried to have diplomas without learning, we tried to have jobs without work, we tried to have houses without savings, we tried to have government without responsibility. ↗

— Newt Gingrich

#government #houses #jobs #learning #responsibility