Free Republic

Republicans in the U.S. Senate and House have filed legislation to ban federal employee retirement money from being invested in funds requiring compliance with ESG and DEI policies. The Stop TSP ESG Act was filed in the Senate by U.S. Sens. Ted Cruz, R-Texas, and Eric Schmitt, R-Missouri. A coalition of Republicans in the House led by Rep. Ken Buck, R-Colorado, filed a companion bill on May 17. If the bills were to pass, it’s unlikely the president would sign them as his administration is advancing ESG and DEI policies, including a Department of Labor rule change over which 25...

Critics of the Bush administration plan to reform Social Security with personal accounts have a seemingly endless supply of reasons why it can’t possibly work. You know the litany: It’s too risky. It’s too expensive. It’s too complicated. The critics never mention that there’s already a government-administered retirement system that has shown for over 15 years that personal accounts are prudent, inexpensive, and simple. It’s the Thrift Savings Plan of the United States federal government, currently serving 3.3 million government employees. The years since Thrift was first offered in 1987 couldn’t make for a better laboratory to crash-test a...