#Government Policy Quotes

“We are sure living in a peculiar time. You get morefor not working than you will for working, and morefor not raising a hog than for raising it.”

“Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place, by making home-ownership statistics the holy grail, for which everything else was to be sacrificed, including commonsense standards for making home loans.”

“No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages.”

“The government has brought on the housing problem, partly by these very low interest rates, which encouraged many people to go way out on a limb. They've brought it on by highly restrictive building policies, which have caused housing prices to skyrocket artificially. And they've brought it on by the Community Reinvestment Act, which presumes that politicians are better able to tell investors where to put their money than the investors themselves are. When you put all that together, you get something like what you have.”

“Both history and contemporary data show that countries prosper more when there are stable and dependable rules, under which people can make investments without having to fear unpredictable new government interventions before these investments can pay off.”

“In 1992, the federal Government actually issued more work authorizations to immigrants and temporary foreign workers than the net number of new jobs created by our economy. Something is fundamentally wrong when we have millions of American citizens and legal residents begging for jobs, and yet we are admitting thousands and thousands of immigrants a year with virtually no consideration to our employment needs or their employment skills.”

“Because Vietnam was not a declared war, the veterans are not even eligible for the G. I. Bill of Rights with respect to education or anything.”

“Congressional mistakes have dramatically increased immigration through a series of what I believe were ill-advised actions going back to 1965 when the basic notions of our immigration laws were revised. In 1990, Congress opened the floodgates by passing a 35-percent increase in legal immigration.”

“Our aim is to make tax collecting a declining industry.”

“The effect of every sort of New Deal is to increase and prosper the criminal class. It teaches precisely what all professional criminals believe, to wit, that, it is neither virtuous nor necessary to suffer and to do without.”

“We've got to change our regulatory system.”