Bud Shuster said "I do recall that it was a commission set up by President Clinton that made some of these recommendations. So, to continue, for the majority to point to Republicans as not voting for it, as trying to rip it out by the roots, as trying to privatize, just simply is not accurate, and that's some of the rhetoric we hear from the other side. Today, as we move this resolution forward, as I have said before, this is something we should be looking at as a model, as something we should try to understand how this works, the railroad retirement works, how it has grown 16 percent in the last 7 years despite these very volatile times in our economy. We did not privatize railroads' retirement. We took a portion of it, and we know that the retirees are receiving greater benefits because of what we've done here." @ PoliticalQuotes.com

On the recordJuly 20, 2010

I do recall that it was a commission set up by President Clinton that made some of these recommendations. So, to continue, for the majority to point to Republicans as not voting for it, as trying to rip it out by the roots, as trying to privatize, just simply is not accurate, and that's some of the rhetoric we hear from the other side. Today, as we move this resolution forward, as I have said before, this is something we should be looking at as a model, as something we should try to understand how this works, the railroad retirement works, how it has grown 16 percent in the last 7 years despite these very volatile times in our economy. We did not privatize railroads' retirement. We took a portion of it, and we know that the retirees are receiving greater benefits because of what we've done here.

Said by

Bud Shuster

Source

govinfo.gov

Editor's note · Context

The speaker addresses misconceptions about Republican actions regarding railroad retirement and highlights its growth.

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