A Quote by Gina Raimondo
During my four years as treasurer, we restructured our pension system, cutting the state's unfunded liability almost by half and putting our retirement system on stronger footing.
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The state of our educational system is a disgrace to our country. We have an elementary and secondary school system in which close to half of the youngsters never graduate properly. It's a disgrace that there is more illiteracy today than there was 100 years ago.
Our government makes the simple promise of a secure retirement to every American who works for many years and contributes to our retirement benefit system.
If Britain is to have a stable, affordable pension system, people need to work longer, but we will reward their hard work with a decent state pension that will enable them to enjoy quality of life in their retirement.
Raising the traditional and early retirement ages will mean extending workers' taxable earning years, fueling economic growth and putting a dent in our unfunded-liabilities crisis by delaying payouts.
In Western Europe, most countries have variations of the lifetime pension system for most workers so they are keeping the system that we are walking away from. By comparison, 50% of the American workforce is not offered any retirement plan by their employers. And of those who are offered a plan, roughly 25% do not choose to join. In other words, everything is voluntary, and that's one of the reasons our results are so perilous for most people.
Besides taking jobs from American workers, illegal immigration creates huge economic burdens on our health care system, our education system, our criminal justice system, our environment, our infrastructure and our public safety.
To be able to compete, we've got to improve our education system, our litigation environment, our tax code, our health system and our trading policies if we're going to be as strong economically in the years ahead.
We need to reorganize our entire system of retirement plan investing and to develop federal standards of fiduciary duty for pension trustees and fund managers. These require "top down" intervention. But we also need investors to look after their own economic interests, a bottom up approach to our problems that is well within our individual power to undertake.
Whenever the immune system deals successfully with an infection, it emerges from the experience stronger and better able to confront similar threats in the future. Our immune system develops in combat. If, at the first sign of infection, you always jump in with antibiotics, you do not give the immune system a chance to grow stronger.
So the guy that we're really targeting our system at this year is one of the guys who brought a 16bit system three or four years ago and has pretty much had it with that, and he's ready to buy something new.
Our country also hungers for leadership to ensure the long-term survival of our Social Security system. With 70 million baby boomers in this country on the verge of retirement, we need to take action to shore up the system.
Our capitalistic scheme in the latter years of the 20th century seems to have lost its way. We've had a "pathalogical change" from traditional owners capitalism where most of the rewards have gone to those who make the investments and assume the risks to a new and deeply flawed system of managers capitalism where the managers of our corporations our investment system, and our mutual funds are simply take too large a share of the returns generated by our corporations and mutual funds leaving the last line investors - pension beneficiaries and mutual fund owners at the bottom of the food chain.
The Golden State has lost its luster. We've got to change our tax system and how we fund government. We're going to have to make it easier to create jobs in California, incentivize manufacturing, really put more in the way of investment in our public school system and our institutions of higher learning if we're going to stay the Golden State.
When we look at our justice system, we have this image of a balancing scale: truth and justice, right and wrong. But for years, our system has been lopsided, where it's not about truth and justice or balance. It's about being tough on crime, and sometimes that means you're putting the wrong person behind bars.
Working families are the backbone of our state, and supporting them will strengthen our economic footing and make Connecticut a stronger place to live, work, and do business.
The Soviet system is how everything here works. It's very difficult to break the system. The system is big and inflexible, uneffective, and also corrupt. And that is our main goal: to change the system, to break the system, to make it modern.
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