Political Quotes

On the recordSeptember 25, 2002
I am pleased to sponsor the resolution before us today expressing the sense of the House of Representatives that Congress should complete action on H.R. 3762, the Pension Security Act of 2002. Mr. Speaker, due to gross irresponsibility, corruption, and financial mismanagement, several of our country's most noted corporations have collapsed. Accordingly, tens of thousands of employees who held their retirement accounts in these companies have lost everything. Plans made for retirement vanished, hopes and dreams for the future disappeared, and savings to send children to college are gone, all because of improper and fraudulent actions of a handful of corporate executives who took advantage of this system. We know all too well in my home State of Mississippi the cost and the consequence and the hurt and the pain and the loss when this happens. The leadership of this House, Republicans and Democrats on a bipartisan basis, took action to prevent further such abuses.
Said by
Chip Pickering
Mississippi

Editor's note · Context

Addressing the need for pension reform and the impact of corporate mismanagement on employees.

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