[Congressional Record Volume 140, Number 76 (Thursday, June 16, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


[Congressional Record: June 16, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]


                              {time}  1010
 
                             THE MAGIC WORD

  (Mr. SMITH of Michigan asked and was given permission to address the 
House for 1 minute.)
  Mr. SMITH of Michigan. Mr. Speaker, just to follow up on the comments 
of the gentleman who just spoke in the well regarding Groucho Marx. On 
his old television program, Groucho used to say: ``Say the magic word 
and win a hundred dollars.'' At that point the duck would drop down. 
Some of us will remember that.
  Well, the magic words today for the American people are: less 
Government, less taxes, and cut the deficit. The ideological battle 
over what is the best way to organize resources and what type of 
society provides the most individual freedom has been won--everywhere 
but in this body. A market economy where individuals are free to 
produce what they think others will buy, to consume what they choose, 
and to keep the fruits of their labor and entrepreneurial skill is the 
most equitable, efficient, and free society. While the rest of the 
world is moving toward this ideal, our Government is moving away from 
it.
  Raising taxes, increasing regulation, nationalizing one of the 
Nation's largest industries--these actions will ruin the country 
through their effects on the economy and on the spirit of the American 
people. In the next year and a half we will add more to the Nation's 
debt than what our predecessors did over nearly the first 200 years of 
the Republic. It is time to put a stop to what we have been doing. In 
this 50th year of the publication of Friedrich Hayek's Nobel Prize 
winning work, ``The Road to Serfdom,'' let us examine the path we are 
on and take the road to a free and moral society.

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