While there is no question that the sponsor is responsible for any deficit in the plan, it is not at all clear that the sponsor benefits from any surplus that may be generated.
More Quotes from David Dodge:
We do see a need for some depreciation of the U.S. dollar over time, but that's to correct the global imbalances that are out there,David Dodge
I'm not saying that a disorderly correction to global imbalances is certain to happen. Nor am I saying that the global economy is inevitably headed for a deflationary shortfall in demand. What I am saying is that, as prudent policymakers, we must not rely on good fortune to help us muddle through. We need to get going on these policy issues now, before it is too late to take remedial action.
David Dodge
This e-mail is either a perpetration by a very ignorant person or its a hoax, but whatever it is its absolutely wrong,
David Dodge
It's the fiscal balance of all levels of government combined that are really important.
David Dodge
Some modest further increase in the policy interest rate would be required to keep aggregate supply and demand in balance and inflation on target.
David Dodge
And for countries with a fixed exchange rate, this means that authorities need to run appropriate policies in order for the fixed exchange rate to be sustainable.
David Dodge
Readers Who Like This Quotation Also Like:
Based on Topics: Planning QuotesMankind: A quality of life upgrade is available to each and every one of you. It should give you a quality of life upgrade, which means no drugs, no alcohol, no fast food - unless, of course, it's a mallard.
Ted Nugent
The best music of any era lasts well, I think.
Peter Asher
An advertising agency is 85 percent confusion and 15 percent commission.
Fred Allen