On the recordMay 10, 2006
There is no end in sight. No end in sight to the rising gas prices. What will happen with number 7, where we have a 12.7 percent poverty rate that is on the rise and 5.4 million more people who have fallen into poverty. That number is going to get bigger. It is costs like these that send people into poverty. You have number 6 here that talks about the Consumer Confidence Board's index. Its expectation index is the lowest it has been in 3 years. Number 5, Congressional Republicans defeated a Democratic amendment recently to increase the minimum wage from $5.15 to $7.25. If the minimum wage kept pace with inflation, it would be $8.88 right now. It hasn't been increased since 1997. That is 9 years ago. 9 years? I mean, if you are a person who is living on the minimum wage, struggling to pay, to fill your gas tank, struggling to put food on the table, you have no health insurance, do you really want the Bush administration and the Republican leadership to tell you how great the economy is? Do you believe them?
Source
govinfo.gov




