The former pension minister, the Liberal Democrat Steve Webb said I was trying to abolish the lump sum. Instead, we are going to keep the lump sum and abolish the Liberal Democrats.
Sentiment: NEGATIVE
We can't reform mandatory spending in this area until we first deal with ours. I tell my colleagues, 'Let's get the moral high ground and demonstrate that we want to make changes to our pension, and then we can deal with the big problems.'
But I will say, I think there are some Democrats that don't want to address pension reform. I have taken on the issue of seniority and tenure. I think we have to address entitlements and the president has done that in his budget. I think we have to extend Medicare and the president has done that. But also reinvest in that program.
As a taxpayer, I want to assure you that Republicans are doing everything we can to reduce wasteful spending.
I'm not going to stop beating up on the Democrats for wasteful spending.
Pension reform can be hard to talk about. In the long run, reform now means fewer demands for layoffs and less draconian measures in the future. It's in the best interest of all Californians to fix this system now.
I. cannot stoop to reply to the folly and the slander of every poor Tory partisan who assails me, and I should not have noticed you but for the fact that you are a member of the House of Commons.
I would not be opposed to devising a new system of pensions, in which one part was based on collective provision, but which also gave incentives for people to take out an additional, personal plan.
I'm still one who says that we can get rid of the Internal Revenue Service if we would pass the fair tax, which is a tax on consumption rather than a tax on people's income, and move power back where the founders believed it should have been all along.
Let me announce this to the American people tonight one of the best things about this debate, as a Democrat from Massachusetts, I have proposed eliminating, getting rid of the alternative minimum tax.
You can't be a progressive and be opposed to pension reform.