It's your money they're after. (Clinton administration proposal to augment pension regulations to be able to use funds for public development and infrastructure projects) (Editorial)

From: National Review | Date: August 1, 1994 | Copyright information

HUD Sec Henry Cisneros is leading the effort to use pension funds to build low-income housing and pay for other public projects. This raises a deja vu scenario since it is reminiscent of the savings and loan scandal that involved misuse of publicly held funds replaced by taxpayers.

THE Administration learned a lesson when Congress rejected its stimulus package last year. Why risk busting the deficit or raising taxes for things you can sneak through "off budget"? This time the Cli...

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