Political Quotes

“Mr. Speaker, sweetheart deals? Since when is it a sweetheart deal to have a modicum of retirement for working poor and middle class people? That is a sweetheart deal? All I hear from the other side of the aisle is people talking about government overreach, executive orders, and unnamed bureaucrats. So it is surprising that today the Republican majority is creating a manmade roadblock toward helping working Americans save their own money for their own retirement. We have all heard about the olden days when, if you worked for a company for life, you could retire with a guaranteed pension. Now, with the exception of union workers, the days of a guaranteed pension plan for most private sector workers are a thing of the past. Captains of industry don't offer them anymore. They line their own pockets instead. Some employers have tried to fill that retirement income gap by offering 401(k) retirement savings plans. Not a bad thing, but it was not the answer that everyone thought it was going to be, the panacea that everyone made it out to be. But for far too many companies, they don't offer any retirement package to their employees at all. Today, half of all Americans going to work are not offered a retirement plan from their employer, meaning these workers are not accumulating any nest egg outside of Social Security for their retirement years.…”