Political Quotes

“I come again to speak about what I think of the inequities and unfairness in the system that we have to American workers. American workers, businesses, and the economy here in the United States are the envy of the world and have been for quite some time. Throughout the history of our country, our citizens have believed that through hard work and dedication, they could achieve the American dream. Unfortunately, that is not always the case, as we know. Millions of Americans worked hard, played by the rules, and trusted the companies they worked for to keep their end of the bargain. That bargain is their pension. These pensions are modest and what millions of Americans plan to use when they retire in the twilight of their lives. But for 1.5 million Americans, that security has been pulled out from under them. Why, after working hard for years and forgoing a portion of their paychecks, which they have invested--this is their money matching their employers' for their pension--have they either lost or gotten their pensions cut in half? The answer is the current state of bankruptcy laws. How does this happen? Every payday, 10.6 million Americans put a portion of their paycheck into a pension account with a promise and trust that it will be there when they retire. These same people forgo pay raises, bonuses, and personal retirement accounts because they believe their pensions will be there until needed.…”