A Quote by Elaine Chao
Most private sector workers can only dream of getting the generous lifetime pension and health benefits typical of government service.
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Careful economic research has shown public-sector workers receive a level of compensation, pension benefits, and retiree health coverage in excess of what comparable workers in the private sector enjoy. In some instances, the total premium can be 30 percent or higher.
In World War II, the government went to the private sector. The government asked the private sector for help in doing things that the government could not do. The private sector complied. That is what I am suggesting.
The private sector granted bursaries [scholarships] for the children of their workers. Some of them built homes for their workers. They had in-service training, which improved the skills of their workers. So that spirit was there. All we did was merely exploit it.
I believe that "government", as we know it today, should pull out of most things except for law enforcement and justice, national defense and foreign policy, and let the private sector, a "Grameenized private sector", a social-consciousness-driven private sector, take over their other functions.
In the public sector, there are a million people in the health service. There ought to be a couple of dozen or more on the Labour side, who learned their trade in different parts of the health service, and the public sector, and local government. And bus drivers, and people on the Underground.
This is something that Randi Weingarten said to me when I interviewed her once, which I think I quote in chapter nine. She talks about how only 7 percent of private sector workers in the American economy are in unions. So all the protections that teachers have that are due to collective bargaining - including generous pensions, generous health plans, limits to what they can be asked to do after school and in the summers - all of those things are sources of resentment to the public. And I think that politicians have played off of that quite effectively.
Most private-sector folks don't get a pension.
Americans cannot maintain their essential faith in government if there are two Americas, in which the private sector's work subsidizes the disproportionate benefits of this new public sector elite.
If you want to slow medical inflation in the private sector, it makes sense to expand the government's investment in private health care.
We’ve been so preoccupied with getting the government to behave in a fair and democratic way, we were not able to focus on the private sector where most of the jobs are, where most of the wealth and opportunities are.
We've been so preoccupied with getting the government to behave in a fair and democratic way, we were not able to focus on the private sector where most of the jobs are, where most of the wealth and opportunities are.
The biggest difference between the private sector and public sector is in the private sector, there's a sense of urgency because you have customers and you have competitors. Whereas in government, one of your major objectives is to not make any really big mistakes.
Living standards in both the public and private sector have to be brought down. The private sector has to sell more abroad and consume less at home. The government sector has to get closer to just spending what it can collect in taxes.
One state retiree, 49 years old, paid, over the course of his entire career, a total of $124,000 towards his retirement pension and health benefits. What will we pay him? $3.3 million in pension payments over his life and nearly $500,000 for health care benefits - a total of $3.8m on a $120,000 investment.
A retired teacher paid $62,000 towards her pension and nothing, yes nothing, for full family medical, dental and vision coverage over her entire career. What will we pay her? $1.4 million in pension benefits and another $215,000 in health care benefit premiums over her lifetime.
Well depending on the government, you either work through the government, which is ideal, because then you're strengthening their capabilities, or you work through the non-governmental organizations. It's never easy, and you know, it's just about the very basics of health. This is not hospitals. This is just primary health care [in Africa], the most simple things, and even so, getting the supplies out, getting the trained workers there.
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