Right now, despite the reality that 55 percent of seniors are trying to survive on less than $25,000 a year, leading Republicans in the House and Senate are proposing to cut Social Security benefits, raise the retirement age to 70 or reduce cost-of-living adjustments (COLAs) for seniors by adopting a less generous formula. Most Democrats believe that we must expand Social Security benefits so that everyone in America can retire with dignity. Not a single Republican in Washington agrees.

There is no justice, and I want you to hear this clearly, when the top one-tenth of 1 percent -- not 1 percent, the top one-tenth of 1 percent -- today in America owns almost as much wealth as the bottom 90 percent. And in your hearts, you will have to determine the morality of that, and the justice of that.

Mr. Speaker, in the brief time I have let me give you five reasons why I'm opposed to giving the President a blank check to launch a unilateral invasion and occupation of Iraq and why I will vote against this resolution.<p>One: I have not heard any estimates of how many young American men and women might die in such a war, or how many tens of thousands of women and children in Iraq might also be killed. As a caring nation, we should do everything we can to prevent the horrible suffering that a war will cause. War must be the last recourse in international relations, not the first.<p>Second, I am deeply concerned about the precedent that a unilateral invasion of Iraq could establish in terms of international law and the role of the United Nations. If President Bush believes that the US can go to war at any time against any nation, what moral or legal obligation can our government raise if another country chose to do the same thing.<p>Third, the United States in now involved in a very difficult war against international terrorism, as we learned tragically on September eleventh. We are opposed by Osama Bin Ladin and religious fanatics who are prepared to engage in a kind of warfare that we have never experienced before. I agree with Brent Scowcroft, Republican former national security adviser for President George Bush senior, who stated and I quote, "An attack on Iraq at this time would seriously jeopardize if not destroy the global counter-terrorist campaign we have undertaken."<p>Fourth, at a time when this country has a six-trillion dollar national debt and a growing deficit, we should be clear that a war and a long-term American occupation of Iraq could be extremely expensive.<p>Fifth, I am concerned about the problems with so-called unintended consequences. Who will govern Iraq when Saddam Hussein is removed? And what role will the US play in an ensuing civil war that could develop in that country? Will moderate governments in the regions who have large Islamic fundamentalist populations be overthrown and replaced by extremists? Will the bloody conflict between Israel and the Palestinian Authority be exacerbated? And these are just a few of the questions that remain unanswered.

Warren Buffett, one of the richest guys in the world, openly admits that his effective tax rate is lower than his secretary's. It's time to tell the billionaire class that if they want to enjoy the benefits of America, they have to accept their responsibilities, and they have to start paying their fair share of taxes.

As we move toward a progressive and democratic future, I am sustained by the hope that one day, when millions of Americans are actively involved in the political process and are standing up for their rights and those of their children, a majority of the members of Congress will then represent the interests of ordinary people, and not the rich. When that day comes, we will no longer be outsiders in the House. That House, and this country, will then belong to all of us. And that's the way it should be.

Trump was saying that the only way he could lose the election is if there was — let me get the exact quote — "the only way they can take this election away from us is if this is a rigged election." Now he is making that statement at a time when virtually every national poll has him behind.

This is an unprecedented moment in American history. The Democrats in Congress must move forward boldly, protecting the working families of our country and restoring faith in government. Yes, the future of the country is at stake. And that is why I’m prepared to do everything in my power as Chairman of the Senate Budget Committee to enact a reconciliation bill that reflects the main tenets of President Joe Biden’s transformational agenda, an agenda that millions of Americans want and need in these difficult times. If not now, when?

Let me define for you, simply and straightforwardly, what Democratic socialism means to me. It builds on what Franklin Delano Roosevelt said when he fought for guaranteed economic rights for all Americans. And it builds on what Martin Luther King, Jr said in 1968 when he stated that; “This country has socialism for the rich, and rugged individualism for the poor.” It builds on the success of many other countries around the world that have done a far better job than we have in protecting the needs of their working families, the elderly, the children, the sick and the poor.
Democratic socialism means that we must create an economy that works for all, not just the very wealthy. Democratic socialism means that we must reform a political system in America today which is not only grossly unfair but, in many respects, corrupt.... Wall Street CEOs who help destroy the economy get raises in their salaries. This is what Martin Luther King, Jr. meant by socialism for the rich and rugged individualism for everyone else. We should not be providing welfare for corporations, huge tax breaks for the very rich, or trade policies which boost corporate profits as workers lose their jobs. It means that we create a government that works for works for all of us, not just powerful special interests. It means that economic rights must be an essential part of what America stands for.

One of the reasons for Brexit, for Trump’s victory in the United States, for the rise of ultra-nationalist rightwing candidates all over Europe, is the fact that the global economy has been very good for large multinational corporations, has in many ways been a positive thing for well-educated people, but there are many, many tens of millions of people in this country and all over the world who have been left behind by globalization. In this country, one of the facts that Trump pointed out in his speech that actually was a true fact is that in this country we have lost some 60,000 factories since the year 2000. Millions of decent-paying jobs in manufacturing have disappeared, some of that is due to automation, a lot has to do with disastrous trade policies which benefited the CEOs of large corporations at the expense of American workers. This is true in many parts of the world. Trump picked up support from people who felt that the elites, the economic elites, the political elites, forgot about them. And the truth is the economic and political elites did forget about them. We have seen in this country, not widely known in Europe, that inflation adjusted to wages for millions of workers today is lower than it was 40 years ago. So you have got millions of people today working two or three jobs, people who are working longer hours for lower wages, you’ve got half of older workers in America, 55 to 64, who have literally nothing in the bank as they face retirement. We have the highest rate of childhood poverty of almost any major country on Earth. We have massive income inequality. So what’s happened in America and in many parts of the world is that globalization has done well for the folks who assemble at Davos, for the ruling economic elite of the world. In this country alone you have seen a tenfold increase in the number of billionaires.

As someone who has a lifetime 100% pro-choice voting record, and is outraged by the supreme court’s horrific decision to overturn Roe v Wade, there is no question but that Democrats must continue to focus on the right of women to control their own bodies. This is a fight that most Americans want us to wage and, given the Republicans’ extremist position on the issue, makes them genuinely vulnerable. But, as we enter the final weeks of the 2022 midterm elections, I am alarmed to hear the advice that many Democratic candidates are getting from establishment consultants and directors of well-funded Super Pacs that the closing argument of Democrats should focus only on abortion. Cut the 30-second abortion ads and coast to victory. I disagree. In my view, while the abortion issue must remain on the front burner, it would be political malpractice for Democrats to ignore the state of the economy and allow Republican lies and distortions to go unanswered.

Meanwhile, needless to say, freedom, democracy, and human rights in China have not expanded. They have been severely curtailed as China has moved in a more authoritarian direction, and China has become increasingly aggressive on the global stage. The pendulum of conventional wisdom in Washington has now swung from being far too optimistic about the opportunities presented by unfettered trade with China to being far too hawkish about the threats posed by the richer, stronger, more authoritarian China that has been one result of that increased trade. In February 2020, the Brookings analyst Bruce Jones wrote that “China’s rise—to the position of the world’s second-largest economy, its largest energy consumer, and its number two defense spender—has unsettled global affairs” and that mobilizing “to confront the new realities of great power rivalry is the challenge for American statecraft in the period ahead.” A few months ago, my conservative colleague Senator Tom Cotton, Republican of Arkansas, compared the threat from China to the one posed by the Soviet Union during the Cold War: “Once again, America confronts a powerful totalitarian adversary that seeks to dominate Eurasia and remake the world order,” he argued. And just as Washington reorganized the U.S. national security architecture after World War II to prepare for conflict with Moscow, Cotton wrote, "today, America’s long-term economic, industrial, and technological efforts need to be updated to reflect the growing threat posed by Communist China." And just last month, Kurt Campbell, the U.S. National Security Council’s top Asia policy official, said that “the period that was broadly described as engagement [with China] has come to an end” and that going forward, “the dominant paradigm is going to be competition."

We have more income and wealth inequality than at any time in the modern history of this country, with three people owning more wealth than the bottom half of our nation. Is there one Republican prepared to raise taxes on billionaires, or do they want to make a bad situation worse by extending Trump’s tax breaks for the rich and repealing the estate tax? Today, 60% of Americans are living paycheck to paycheck, and millions work for starvation wages. Is there one Republican in Congress who is prepared to raise the federal minimum wage to at least $15 an hour? The United States pays, by far, the highest prices in the world for prescription drugs. Is there one Republican prepared to allow Medicare to immediately begin negotiating prescription drug prices with the pharmaceutical industry and cut the cost of medicine by half? We have a dysfunctional healthcare system which, despite being the most expensive in the world, allows 85 million Americans to be uninsured or underinsured. Is there one Republican who believes that healthcare is a human right and supports universal coverage? We remain the only major country on earth not to guarantee time off for moms who have babies or need to take care of sick children. Is there one Republican who supports at least 12 weeks of paid family and medical leave? The list goes on: childcare, housing, home health care, college affordability. On every one of these enormously important issues the Republican party has virtually nothing to say to address the desperate needs of low and moderate income Americans. And what they do propose will most often make a bad situation worse.

There are millions and millions of people who are tired of establishment politics, who are tired of corporate greed, who want a candidate that will help lead a mass movement in this country. ... What people are saying is, "Enough is enough. The billionaire class cannot have it all."