On the recordApril 1, 2014
I rise to talk about a whole series of issues--including unemployment insurance and the minimum wage--that are designed to help Americans attain economic mobility and get a fair shot to move up in the way our economy is designed to work. This morning the Budget Committee had a hearing entitled ``Opportunity, Mobility, and Inequality in Today's Economy.'' We heard from three very strong witnesses, including Nobel laureate Joseph Stiglitz. We talked about important topics central to understanding the long-held American dream: If you work hard and play by the rules, you should be able to support your family, provide an opportunity for your kids, and have a fair retirement. But for too many--as the Presiding Officer knows--opportunity and mobility are especially hard to find and income inequality is growing. I am an optimist. I know the solutions are here if we work to find them, and I want to take a couple of minutes to talk about some of the solutions. First, let's try to put a human face on the problem of inequality in our economy. Income inequality in the United States is at a record level. It is higher in the United States than virtually any other developed country. President Obama has called income equality the central challenge of our times. The Presiding Officer and I share a Roman Catholic background. Last week the President was talking to Pope Francis in the Vatican, and they talked about how this is not just an American challenge but a global challenge.…





