Political Quotes

Mark Neumann: It is an improper practice. Both of us came out of the business world. If either of us had set up a pension fund and we…

On the recordFebruary 5, 1997
It is an improper practice. Both of us came out of the business world. If either of us had set up a pension fund and we said to our employees, ``You're going to get this pension when you retire,'' and then we put IOU's in the pension fund instead of real money, first off they would arrest both of us in the private sector for doing it, but secondly our employees would revolt back against the policy we were establishing. That is where we are at on this issue. The American people need to understand the issue and then respond to help all of us in Washington get the message just how important this issue is.
Said by
Mark Neumann
Wisconsin

Editor's note · Context

Addressing the importance of proper funding for pension plans.

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