Political Quotes

“Mr. Speaker, I yield myself 5 minutes. Mr. Speaker, America does, in fact, face a retirement crisis. Nearly half of Americans approaching retirement years have absolutely no retirement savings. There is not much gold in their golden years. Four out of 10 Americans in a recent survey indicated that they are living paycheck to paycheck. They are barely making ends meet. They had little or nothing available in reserve. When they were asked if they could meet a sudden, unexpected $400 medical emergency, 4 out of 10 Americans said they could not even do that. {time} 1445 Those are the individuals who certainly do not have the resources to save enough to set up a standard of living in retirement comparable to what they had before retiring. So, as usual, our Republican colleagues are masters at naming bills. It is just what they put in the bills that is a problem. Now, this bill is a good example. This is the Family Savings Act, but whose family gets the savings? Well, if you are out there listening, probably not your family. For families that have little or nothing in savings, this bill does nothing. Much like the bloated Republican tax scam and its sorry sequel that AARP condemned this very day, this Republican bill is all about helping those at the top and doing little or nothing for those who are struggling to have a golden year in retirement. There are, in fact, some modest measures that they have got tucked in this bill that I support and that AARP supports.…”