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 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 very much see it as a package. That is the way it was negotiated, and this was a difficult negotiation to get 18 of the 19 to agree representing all points on the political spectrum.
You know, there are really three places where there are dramatic changes here.