A Quote by Warren Buffett
We have provided capital here with a couple of institutions recently. The Federal government did that in the '30s for the RFC and I think there could well be a proper role for government in that.
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I think we'll have a bigger conversation first within the Republican Party, then with the American people about what's the proper role of the federal government, i do hope that Common Core will be one more, one more reason for us to have this bigger debate, this bigger conversation about the proper role of the federal government in local education.
I think you'll have plenty of scrutiny as how the money's invested. I mean, just like the RFC. When the RFC operated, people knew which institutions they were buying preferred stock in. And it worked very well.
The proper role of government is exactly what John Stuart Mill said in the middle of the 19th century in "On Liberty." The proper role of government is to prevent other people from harming an individual. Government, he said, never has any right to interfere with an individual for that individual's own good.
The worst thing the federal government could do is to increase the size, reach and cost of government. If government failed in its response to the hurricane, the answer is not more inefficient government.
History does not provide any example of capital accumulation brought about by a government. As far as governments invested in the construction of roads, railroads, and other useful public works, the capital needed was provided by the savings of individual citizens and borrowed by the government.
We have reached a moment in our history where we think that every problem in America has to have a federal government solution. Every problem in America does not have a federal government solution. In fact, most problems in America do not have a federal government solution and many of them are created by the federal government to begin with.
I don't think you expand entitlements when so many people are dependent on government and when the money the federal government is offering is going to be taken away from you after just a couple of years.
Every year the Federal Government wastes billions of dollars as a result of overpayments of government agencies, misuse of government credit cards, abuse of the Federal entitlement programs, and the mismanagement of the Federal bureaucracy.
Not all research is going to be turned into some new innovation, but there are some things that can be and that haven't been, and I think the federal government has a proper role to play in doing that.
The tenth amendment said the federal government is supposed to only have powers that were explicitly given in the Constitution. I think the federal government's gone way beyond that. The Constitution never said that you could have a Federal Reserve that would have $2.8 trillion in assets. We've gotten out of control.
The signers of the Declaration of Independence did not pledge their fortunes and sacred honor so the federal government could play 'helicopter parent' to a free people. They saw government as our shared project to secure liberty, doing a few big things and doing them well.
The Declaration [of Independence] was not a protest against government, but against the excess of government. It prescribed the proper role of government, to secure the rights of individuals and to effect their safety and happiness. In modern society, no individual can do this alone. So government is not a necessary evil but a necessary good.
This bill would renounce the safe, proper, and acceptable role for Government as a referee of disputes between the governed. It would interpose the Government as a biased protagonist, armed with the awesome authority of the Federal Government, in addition to rulemaking and umpire powers. The broad grants of power to the Attorney General to initiate and intervene in civil actions would go far toward transforming him into George Orwell's 'Big Brother' of '1984,' in the year 1964.
California will not wait for our federal government to take strong action on global warming. We won't wait for the federal government. We will move forward because we know it's the right thing to do. We will lead on this issue and we will get other western states involved. I think there's not great leadership from the federal government when it comes to protecting the environment.
We can't be playing around with these issues [Zika disease], because this can become very serious very quickly, as we have seen in Brazil and other countries. The funds are going to be used at the state level, but it is important for the federal government to cooperate in the federal government's role.
It is federal, because it is the government of States united in a political union, in contradistinction to a government of individuals, that is, by what is usually called, a social compact. To express it more concisely, it is federal and not national because it is the government of a community of States, and not the government of a single State or Nation.
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