On the recordJanuary 7, 2009
We are in the midst of the worst economic downturn our country has faced since the Great Depression.
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congress.govWe are in the midst of the worst economic downturn our country has faced since the Great Depression.
Conrad highlights the severity of the current economic crisis.
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We tried to include some of these ideas in our Social Security reform package, to actually provide incentives in the system for people to continue to work.
Fully 64 percent of the American people said they were worried about not having enough money for retirement.
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.
We admire that, and I can say on both sides of the aisle, people recognize the job he did as Budget Committee Chairman.