I thank the gentleman for yielding me the time. Mr. Speaker, I want to commend my colleague, Congressman Garamendi, for his leadership on this very important issue. Just a few minutes ago, we received some breaking news: the stock market just closed, and for the first time in the history of this great country, the Dow Jones Industrial Average closed over 15,000 at 15,056. Standard & Poor's also closed at a record 1,625. So much for a socialist President. Now, during my 20 years of service in this body, I have often reflected upon my experiences growing up in a church parsonage in the little town of Sumter, South Carolina. Early on, I internalized an Old Testament scripture, Micah 6:8: To do justly, to love mercy and walk humbly. Today in this great country, we are experiencing an injustice that continues to get worse, one which I believe demands our attention. Indisputable evidence continues to show that income inequality has worsened over the last 30 years. The Congressional Budget Office released a report back in October 2011 on the distribution of household income between 1979 and 2011. {time} 1620 On the distribution of household income during that time, you might remember that report came out just a few days before the so-called supercommittee held its first public hearing. I served on that special panel, and I raised concerns with the CBO director about the ever- widening gap between America's rich and poor.…
On the recordMay 7, 2013
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