Political Quotes

“Mr. President, we have a retirement crisis in this country. Today, among working families on the verge of retirement, about a third have no retirement savings of any kind and another third have total savings that are less than one year's annual income. Let's be blunt. Social Security alone is not enough for a secure retirement. Hitting retirement with little or no savings means spending those last years hovering around the poverty line, with little or no money for important purchases, like dental care or hearing aids, or extras, like buying a birthday gift for a grandchild. There are a lot of different reasons people hit retirement with no savings, but one big reason is that 55 million Americans don't have the ability to save for retirement through a workplace retirement account. For years, the Republican-controlled Congress has done nothing to help the 55 million Americans who don't have an employer-provided retirement plan to save for their retirement--nothing--so seven States have actually stepped up. They passed legislation to provide retirement accounts to their constituents, and 23 more States are currently considering proposals like this. Massachusetts has stepped up, too, passing legislation to allow workers in small, nonprofit organizations to save for retirement in a State-administered plan. These State efforts are a big deal.…”