Today, we meet at the center of a great debate, at a crossroads that will determine the direction of the country for another generation. And this debate, this choice, goes to the heart of a central question that has been plaguing families in America over the last three decades but that is now just coming to the forefront. And that question is this: If you are working hard in America, can you still earn a good living for yourself and your family? If you are working hard in America, can you still buy a home or pay your rent, buy your food and medicine, get the healthcare you need, afford fuel for your car, get a decent education, or go on a family vacation? And if the answer is no--and for all too many millions of people, the answer is no--what do we do about it? When I was a kid, my father was in the clothing business. He was a traveling salesman, and he made $18,000 a year. On the strength of that single income, my parents bought our first home for $18,000. It was the American dream, and it came true for our family. Today, I am a U.S. Senator. That, too, is part of the American dream that anything is possible in this country. But could anyone buy a home for the cost of the annual income even of a U.S. Senator? Not a chance in the world. An average home in California costs three or four times that much. My kids are paying thousands and thousands of dollars a month in rent.
Editor's note · Context
Addressing economic challenges faced by American families during a Senate floor debate.
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