Political Quotes

“I thank the gentlewoman for yielding and her leadership on the Working Families Agenda. Get this: Americans over 44 years of age are more afraid of running out of income in retirement than they are afraid of dying. Median retirement savings in the United States of America is only $2,500. We have a retirement crisis. Only my Republican colleagues haven't gotten the message. The New York Times asked: ``Who'd Want to Limit Retirement Plans?'' and answered with two words: ``House Republicans.'' It isn't just that Republicans haven't made retirement security a priority; they are actually working against it. They oppose the rule that saves retirees up to $17 billion a year, lost to bad investment advice, a rule that simply requires financial advisers to give advice that is in the client's best interest, not their own. Today Republicans are trying to prevent States and cities from expanding private retirement savings. Nearly 1.3 million workers in my State, Illinois, lack job-based retirement savings options. State Senator Daniel Biss won passage of the Illinois Secure Choice Savings Program that creates a retirement plan with automatic deductions that has proven successful in increasing individual retirement savings. Last summer, the U.S. Department of Labor acted to move this plan forward for Illinois and other States.…”