"We have major fiscal problems on our hand"

This quote by Chaka Fattah is referring to the current financial circumstance of the country. He is highlighting the truth that the country is dealing with a significant financial crisis. This crisis is likely due to a combination of factors, such as increasing costs, stagnant incomes, and a decline in government revenue. The quote suggests that the government requires to do something about it to attend to these issues in order to make sure the nation's financial stability. This might include executing policies to increase earnings, minimize expenses, and increase federal government income. It could also involve cutting spending in certain areas and increasing taxes in others. Ultimately, the quote is a call to action for the government to take steps to attend to the country's fiscal issues.