Wednesday, October 8, 2008

Financial Crisis Deepening Retirement Insecurity, Witnesses Tell Congressional Panel

WASHINGTON, DC -- American workers have lost as much as $2 trillion in retirement savings over the last year – highlighting the devastating toll that the nation’s financial crisis is taking on their retirement plans, witnesses told the U.S. House Education and Labor Committee today. Today’s hearing is one of several that House Democrats have scheduled to investigate the causes of the financial crisis and what additional steps should be taken to protect taxpayers, homeowners, workers, and families.

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1 comment:

Anonymous said...

“Unlike Wall Street executives, American families don’t have a golden parachute to fall back on,” said U.S. Rep. George Miller (D-CA), chairman of the committee. “It’s clear that Americans’ retirement security may be one of the greatest casualties of this financial crisis.”

Maybe so Hon. George Miller of California, Chairman on the committee on Labor and Education. But you did the workers of this country NO good by voting YES Twice on the Banker Bailout bill last week. You go and vote away a TRILLION $+ dollars just like that! I say it's time you find youself another job, or your employers should find it for you; and be sure enjoy that nice Congressional Pension you voted yourself!