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Article: Federal government is after private pension funds.(Originated from Knight-Ridder/Tribune News Service)
- Article from:
- Knight Ridder/Tribune News Service
- Article date:
- December 26, 1995
- Author:
CopyrightCOPYRIGHT 1995 Knight-Ridder/Tribune News Service. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KRT FORUM
By Rep. Jim Saxton
Behind the scenes of the budget debate, the Clinton administration is expanding the federal government's reach into private funds to pay for more social spending. They continue to shape policy with executive edicts and regulations. And they have had no greater impact than in the area of the policies governing the $3.5 trillion in America's private pension funds.
A scheme called Economically Targeted Investments (ETIs) is the method the administration is hoping to use to finance as much as $80 billion in social projects such as low-income housing and urban job creation. Through ETIs, millions of working Americans who invest ...