Top 4 Quotes & Sayings by John C. Goodman

Explore popular quotes and sayings by an economist John C. Goodman.

Last updated on November 21, 2024.

John C. Goodman is president and CEO of the Goodman institute for Public Policy Research, a think tank focused on public policy issues. He was the founding chief executive of the National Center for Policy Analysis, which operated from 1982 to 2017. He is a senior fellow at the Independent Institute. The Wall Street Journal and The National Journal have called Goodman the "father of Health Savings Accounts."

Economist | Born: 1946

Source: Wikipedia

The federal government has made explicit and implicit promises to millions of people, but has put no money aside in order to keep those promises. Some of you may wonder where Bernie Madoff got the idea for his Ponzi scheme. Clearly he was studying federal entitlement policy.

John C. Goodman

For Social Security to be financially sound, the federal government should have $100 trillion - a sum of money six-and-a-half times the size of our entire economy - in the bank and earning interest right now. But it doesn't. And while many believe that Social Security represents our greatest entitlement problem, Medicare is six times larger in terms of unfunded obligations.

John C. Goodman

We're looking at a huge gap between what an entire generation thinks is going to happen during its retirement years and the funds that are there - or, more accurately, are not there - to make good on all those promises.

John C. Goodman

Either the Baby Boomers are not going to have the retirement life that they expect or taxpayers are going to be hit with a tremendously huge bill. Or both.

John C. Goodman

Top 4 Quotes & Sayings by John C. Goodman

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