Political Quotes

“I thank my colleague. And I was referring to the fact that Senator Enzi is the one who has explained to us in a very clear way, from his accounting background, the problems we have had with the pension guarantee fund, and it is a very real situation. It is actuarially unsound in the long run. It needs to be put on a better basis, but we can't put it on a better basis if we tax the employers. That may even reduce, as the Senator from Wyoming says, the number of employers who provide a pension. That would be a terrible policy error, if we keep driving up the cost to supposedly fix the fund but then spend the money on something else and we therefore disincentivize the businesses from even having retirement plans for their employees. So I thank my colleague for raising that very important issue. The PRESIDING OFFICER. The Senator from Washington. Order of Procedure”