Elizabeth Warren

Unemployment is at a historic low, 3.4 percent. That is not just a number.

I am just looking at the numbers.

So that's a pretty grim picture about what's going on, and it's particularly alarming because, in 2021, investors bought up one-quarter of all single-family homes that were on the market.

The Low-Income Housing Tax Credit is not perfect, but it helps drive the development of affordable rental homes.

I just want to say our tax policies reward giant real estate investors who raise fees, jack up rents, and evict families.

For decades the country has underinvested in our housing supply, and the data I see suggests we're now facing a shortage of as many 7 million affordable homes.

Please ensure that we have sufficient funds to continue this most important work.

The debt ceiling won't authorize new spending, but failing to increase it when needed would cause the U.S. Government to default on its obligations.

Responsible lawmakers should flat out refuse to cut a single dollar of investments for the 99 percent.

So let me do another part of this. If you cut the number of employees that you have by 130, what is going to happen to the children you serve?

Our choice could not be simpler. And that's what we're here today to talk about.

House Republicans don't seem concerned about the upcoming debt limit deadline.

The debt ceiling hostage demands that they are making would shrink our economy.

I want you to imagine if your Federal funding is cut by 78 percent.

If Republicans get their way this is going to be about 2.6 million Americans who lose their jobs.

We need to raise the debt ceiling. Without conditions.

So when you take all that into account, that is the size of the cuts and the programs you would have to cut to achieve a reduction in spending of that size.

We could make the tax system a whole lot fairer as part of what we are doing here.

So serious conversations about reducing the national debt should start with rebalancing our tax system, not start with how to hurt families.

So I am just trying to think through what this means in terms of job losses.

The United States has been underinvesting in childcare for decades.

These extremist House Republicans are demanding massive, across-the-board spending cuts.

Congress should raise the debt ceiling without spending cuts or other conditions.

Here is another. Tax the profits that giant multinational corporations hide overseas right now, helping level the playing field for domestic businesses and joining Europe and others in enacting a global corporate minimum tax.

I think it is fair to ask, and I think Dr. Holtz-Eakin can raise this, how the national debt got so large.