OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

A Thwarted Fleece

Floor Speech

Date: March 19, 2024
Location: Washington, DC

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Ms. FOXX. Madam Speaker, a Biden agency called PBGC wanted to fleece the taxpayer of $127 million by funding pensions for dead participants.

Let me repeat: $127 million for dead pension participants.

Only after repeated calls by the Committee on Education and the Workforce for PBGC to correct its work has it decided to claw back those funds. Thanks to the tireless work of the committee, PBGC is being held accountable.

Accountability and fiscal responsibility were once shared, bipartisan values.

A former Republican Senator has been famously quoted as saying: ``A billion here, a billion there, and pretty soon you are talking real money.''

This Senator's colleague, William Proxmire, notoriously presented the Golden Fleece Award to the government organization that had fleeced the American taxpayer the worst on any given week.

The American people are tired of being fleeced. President Biden has already misspent billions in fraudulent COVID payments. I say not a dollar more.

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