Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, if my colleagues had read the bill, they would know that not only are there numerous incentives for plans to repay the loans, there is a statutory requirement for plan actuaries to demonstrate that the plan will be able to pay the loan back with interest. Let's talk about how we got in this situation. After the 9/11 attacks, the airline industry was in desperate need of help, and Congress stepped up and approved loan assistance. We acted because it was seen as an emergency. In 2008, during the greatest financial crisis in our lifetimes, Wall Street banks and the auto industry were in trouble and in desperate need of help. Congress again acted because it was seen as an emergency. Mr. Speaker, what makes this situation any different? Congress disbursed approximately $624.6 billion in taxpayer money during these emergencies, and roughly $699.7 billion has come back: revenue, interest, fees, and asset sales. Ultimately, it earned taxpayers more than $75 billion in profit. To the 898 retirees of Texas' 26th Congressional District, I say to you: Democrats have your back, and Democrats are fighting for you. The SPEAKER pro tempore. Members are reminded to address their remarks to the Chair.”