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(Archived document, may contain errors) 8 January 15, 1993 HOW TO GET SPENDING UNDER CONTROL

Index funds. They’re a very popular way of investing across the stock market. But now the top four funds control roughly one-quarter of all public U.S. companies. We hear how index funds are shaping corporations and the American economy.

DR. Seuss, the author of “The Lorax,” an anti-greed screed, also wrote “Thidwick, the Big-Hearted Moose.” In a recent American Institute for Economic Research article, economics teacher Bruce Rottman said

One wonders just how many jobs must disappear before the White House would concede that the stimulus has failed.

The collapse of congressional budgeting in recent years has occurred just as the government’s fiscal outlook is approaching critical. If left unchecked, current trends will lead to unprecedented levels of federal spending as a share of U.S. economic output, far beyond taxpayers’ historical tolerance and perhaps greater than the economy can sustain. The resulting debt would seriously hamper the nation’s potential for long-term growth. These trends can be corrected only with a regular, stable, and sustained practice of budgeting.