Mr. President, I now move to proceed to Calendar No. 297, Mr. President, I was happy to move this on behalf of Chairman Sanders, who has put together this bill which is supported by 25 different service organizations. Following my remarks…
Mr. President, I now move to proceed to Calendar No. 297,
Mr. President, I was happy to move this on behalf of Chairman Sanders, who has put together this bill which is supported by 25 different service organizations.
Following my remarks this morning and those of the Republican leader, the Senate will be in a period of morning business for 1 hour, with the majority controlling the first half and Republicans the final half.
Following morning business, the Senate will begin consideration of S. 1926, the flood insurance legislation.
We were able to reach an agreement for several amendments. All amendments must be offered by 3 p.m. today.
Multiple rollcall votes are possible today. Senators will be notified when these votes are scheduled.
Our Economy
Mr. President, over the last 45 months America's private sector has added more than 8 million jobs. We heard that from the President last night. The stock market has soared. Productivity has never in the history of our country been higher, and Americans have even started building and buying homes again. But while the economy is gaining momentum, for far too many Americans the hopeful headlines don't match the grim reality.
For the last decades middle-class Americans have seen their paychecks shrink even as corporate profits climb and the wealthiest are doing better and better. As the President said last night, there is nothing wrong with people making money. We are all happy they are doing well. But the average CEO's income is multiplied 250 times, and the people who work for that CEO are making less and less every year. That has happened during the last years. The richest 1 percent have had their wealth increased by three times while during that same period of time the middle class has had its earning capacity drop 10 percent. Average Americans are working even longer and harder than they were 30 years ago and receiving less in the way of remuneration.
The difference is this. Their hard work isn't paying off the way it used to. We must change that, and we can change that. It is not too late to ensure that Americans' success is determined by the strength of their spirit instead of the size of their bank account.
Fifty years ago, in his first State of the Union Address, Lyndon Johnson declared unconditional war on poverty. We have seen a lot of news accounts on that anniversary during the last month or so. But here is what Lyndon Johnson said 50 years ago:
Unfortunately, many Americans live on the outskirts of hope
. . . because of their poverty. . . . Our task is to help
replace their despair with opportunity.
Thanks to the innovative programs created five decades ago, including Medicare and school lunch programs,
the poverty rate has fallen 40 percent since the 1960s. But there is so much work to do.
The 67 richest Americans' net worth increased $2 billion on average last year. But during that same time, 1 million more American children dropped into poverty.
So there is much more to do. Too many American families still live on the outskirts of hope, struggling to survive, and falling well short of the American dream.
Last night President Obama laid out a plan to breathe new life into this country's struggling middle class. The President charted a course to build on the economic progress we have made over the last 45 months and to guarantee that progress is felt by every hard-working American. He challenged us--the Congress--to work with him to replace despair with opportunity. President Obama called for commonsense investments in our future--investments that have been deferred for too long.
If America hopes to rebuild and maintain a world-class economy, we must build the 21st century infrastructure to support that economy and a cutting-edge energy supply to power it. We must prepare today's students for tomorrow's jobs by ensuring a higher education is within reach for every promising student. We must give small businesses and manufacturers the support they need to thrive, and we must ensure every American earns a living wage during their working years and has the opportunity to retire comfortably.
I support the President's action to raise the minimum wage for private contractors who do work for the government, such as janitors, food servers, dish washers, and construction workers. But no American working a full-time job should live in poverty, and Congress must act to raise the minimum wage for all our Nation's workers.
A strong middle class--and an opportunity for every American to enter that middle class--is the key to this Nation's prosperity.
Last night the President also asked us to renew our commitment to the principles on which this country was founded--the principles which made this country great: Fairness--basic fairness. We must make certain that every American, regardless of gender, sexual orientation, race or income, has the opportunity to a full and equal participation in the workplace.
There are no guarantees in life. Not everyone succeeds. But every American deserves a fair shot at that success.
Recognition of the Minority Leader