On the recordJanuary 30, 2014
Madam President, on Tuesday evening, President Obama, in his State of the Union Address, made the point that America must be the land of opportunity for all. He acknowledged, quite frankly, that for many families in this country the American dream is just that, a dream. Many families have lost hope that their children or grandchildren will be able to achieve the American dream. President Obama made the point that if we all work together, the outlook for this country is strong and that we can make not only the American dream something people can continue to believe but it can become a reality for more and more American families. But he also expressed the reality of where we are. The facts indicate that intergenerational mobility, that is, for a child born into poverty, their ability to move up the economic ladder has not changed in the last several decades. The American dream has become just that for too many families. Let me point out some of the income disparity we have seen grow in the United States. Some of this is very understandable. It is understandable that people get paid differently. Some people work a lot harder, some people come up with an incredibly ingenious way of doing something, the American way of developing new technologies, people are willing to take greater risks than others. Yes, the reward will be greater. We do expect and we do appreciate, we do look up to people who can be very successful in our economic system.…





