Jack Reed actually said...

One of the concerns would be--you are exactly right. They will not go out of business, but their only remedy then would be to essentially do what has been done to Mr. Gump and his colleagues which was to ratchet down payments or increase significantly contributions just to reach a balance.

10/28/2009

https://www.congress.gov...

More Jack Reed Quotes

"firing the military’s most senior legal advisers is an unprecedented and explicit move to install officers who will yield to the president’s interpretation of the law, with the expectation they will b..."
"The implications for our national security cannot be overstated."
"Every Democrat voted for the amendment; all but two Republicans voted against it."
"If you're going to break the law, the first thing you do is you get rid of the lawyers."

View All Jack Reed Quotes