Political Quotes

“Madam Speaker, many pension plans across America are on the brink of failure and threatened by massive cuts. If nothing is done, 200 multiemployer plans are projected to fail, many within the next 10 years, and the impacts will be felt by Americans in every State in our country. Cuts to these pensions would be economically devastating for 1.5 million people who have earned their livings as carpenters, truck drivers, iron and steel workers, bricklayers, and painters. They paid into these plans. After a lifetime of hard work, they deserve to retire with dignity and peace of mind. If these plans fail, taxpayers could have to pay billions of dollars if the Federal Government's Pension Benefit Guaranty Corporation fails. That is why Democrats have proposed A Better Deal to save our pensions that provides financing to put failing pension plans back on solid ground to ensure that they can meet their commitments to retirees today and workers for decades to come, prevents a single dollar of cuts to benefits retirees have earned, and it puts safeguards in place so that pension plans remain strong in order to be there for today's workers when they retire. We need to bring these proposals to the floor so we can work together to protect the pensions that American workers have earned. ____________________”