Political Quotes

“I thank Ranking Member Foxx for yielding me time. I am an original cosponsor of this bill, H.R. 6929. This legislation restores the pensions of the Delphi Salaried Retirees. I am very proud to speak on behalf of this bipartisan bill. During the Obama administration's 2009 taxpayer-funded General Motors bankruptcy bailout, President Obama's Auto Task Force directed the Pension Benefit Guaranty Corporation to terminate the fully funded pensions of more than 20,000 Delphi Automotive salaried retirees. Even worse is that the pensions of the salaried retirees were terminated while the Obama Auto Task Force used the taxpayer-funded bankruptcy to top up the pensions of the Delphi union employees. The Obama administration choose winners and losers, with taxpayers' dollars. A 2013 report published by the Special Inspector General for TARP said: ``Treasury did not view the non-UAW Delphi hourly employees or the Delphi salaried employees as having leverage because they could not hold up GM's bankruptcy.'' These pensions did not fail. These pensioners were robbed of their pensions by the people who were supposed to protect them. For over 13 years now, I have worked with my colleagues to try to restore these pensions.…”