Andy Biggs actually said...

It is the chasing of returns that is driven by the fact that a high return is imposed on them by legislatures.

Biggs discusses the risks taken by pension funds due to legislative pressures for high returns.

04/13/2011

More Andy Biggs Quotes

How much worse does this problem have to get before both political parties step up to the plate and fix Social Security?

A system that is in worse shape than Detroit's pension systems is not fundamentally sound.

We have to start thinking about things from a generational perspective.

You would be more open to revenues perhaps than you would be if you did not have the Medicare problem.