On the recordSeptember 19, 2013
let me say to the Senators who have worked on ending the Federal Government's involvement in this program that this is a great accomplishment, and I thank them for that. I do think there is technically not a budget point of order for the process they have used in funding this bill, although I think Senator Cruz is raising a valid concern. I guess if we could do $50 million on deficit reduction, we could do more. But I did want to say that I am proud of the thrust of the legislation. I think it is good legislation. I thank them for it. And it does not, I am informed, violate the Budget Act. Mr. President, I have directed my staff on the Budget Committee to conduct a detailed analysis of the economic conditions facing working Americans--their wages, their employment conditions, and their household finances. I will give a series of talks over the coming weeks looking at that financial situation and the state of our Nation as a whole economically. I will also attempt to look at the causes leading to our current financial difficulties and suggest some steps to restore America's financial future. This topic is very important. The sad fact is that the state of middle and lower-income Americans is worsening on virtually every front. The slow growth of the economy (and this has been the slowest recovery from a recession since World War II or the Great Depression) is restraining the normal upward movement of income that previous generations have experienced.…
Source
govinfo.gov




