I understand S. 1340 is at the desk and due for a second reading. The ACTING PRESIDENT pro tempore. The clerk will read the bill by title for the second time. The legislative clerk read as follows: A bill (S. 1340) to cut, cap, and balance the Federal budget.
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Things are changing very rapidly, and it presents us with a requirement to change how we envision retirement as well.
The bottom 20 percent of earners get a 35-percent increase over what is scheduled, a more than 60-percent increase over what is payable.
We ought to reestablish this benefit for survivors and those affected by disability.
We all know that Social Security is going to have to be dealt with, or we are going to face by 2034 at the latest--many of us believe it will be earlier than that---an across-the-board 23-percent cut.
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