Madam President, tomorrow night we will hear a speech from the President of the United States about an issue that affects every single one of us in America. It affects millions in a personal way and all of us indirectly. It is the state of our economy. It is an economy that has been wracked by a recession which has gone on way too long. Even the President concedes that we had hoped we would have emerged at this point, but we still have not. I think it is important for us to focus on the reality of life even for working families in America. Too many working families today are struggling to survive paycheck to paycheck. Over the last 10 or 20 years, we have seen a decline in the rate of growth in real wages, which means that families, even working families, aren't earning enough to keep up with the cost of living. They are falling a little bit behind each year. They recently surveyed working families across America and asked them a basic question. They said: If you had an emergency in your family and needed to come up with $2,000 in the next 30 days, could you find that $2,000 either in your savings or borrowed? Forty-seven percent of working families said they could not come up with $2,000 in 30 days. Now $2,000 is the cost of an uneventful trip to an emergency room. It is an indication of the vulnerability of families all across America.…
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