[Just The News] House Speaker Nancy Pelosi said on Thursday the $86 billion bailout for failing union-managed pensions in President Biden's $1.9 trillion coronavirus stimulus plan was "for the children."
The American Rescue Plan, the second largest stimulus package in U.S. history, was passed in the Democratic-led House on Wednesday.
"Children are why I went from housewife to House speaker because of the children," Pelosi said during a news conference. "That one in five children in America lives in poverty — as a mother of five, I couldn't abide to that and wanted to make a difference in public policy. One in five goes to sleep hungry at night, hungry at night. And that was even before the coronavirus. And I've always said the three most important issues facing the Congress are our children, our children, our children.
"Their health, their education, the economic security of their families, including the pension security for their grandparents and an environment in which they can thrive safely, world at peace in which they can reach their fulfillment. Well, the first three of those, their health, their education and the economic security of their families was very much affected by the Biden American Rescue Plan. I'm very proud of what it does for children, their health, their education, and the economic security of their families." |