Quotes

James Madison Quote on the 10th Amendment

by

“The powers delegated by the proposed Constitution to the federal government are few and defined.  Those which are to remain in State governments are numerous and indefinite.” – James Madison, The Federalist No. 45

The 10th Amendment to the Constitution of the United States of America:  The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.

Anirban Basu Quote

by

“One of the reasons to be skeptical about the prospects for above average GDP growth next year is the knowledge that state and local government spending will continue to fall, at least in real terms.”

—ABC Chief Economist Anirban Basu.

Bob Hope Tax Quote

by

“I love to go to Washington, if only to be near my money.”  –  Bob Hope

Since 1998 the Library of Congress has been the home of the Bob Hope Collection of documents, photos, videos, films, posters and other materials.  At the heart of this treasured collection is his astounding file of some 85,000 jokes.  A new exhibit opened the summer, “Hope for America:  Performers, Politics & Pop Culture.”  Bob Hope and his contributions to entertaining the troops are honored in the Fall 2010 issue of On Patrol, the Magazine of the USO, in an article titled “Hope for America” by James H. Billington.

Robert Smith Quote on Monopoly and the Economy

by

“During the housing bubble, investors threw cash at real estate like it was Monopoly money. That may be an exaggeration, but perhaps not an extreme one. Generations of kids have been raised on the board game Monopoly, spending countless hours accumulating houses and hotels. Did we all learn bad lessons from years of passing Go and collecting $200?  …looking at Monopoly in post-recession 2010, the rules seem like a sure way to crash an economy: The bank can never run out of money, mortgages are easy to get, and when you build houses the rent always goes up.”

Taken from a NPR article Monopoly Game:  Rules Made to be Broken? by Robert Smith