[Congressional Record Volume 141, Number 17 (Friday, January 27, 1995)]
[House]
[Pages H833-H834]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                            NO PESO PROP UP

  (Mr. TIAHRT asked and was given permission to address the House for 1 
minute.)
  Mr. TIAHRT. Mr. Speaker, the administration is calling for $40 
billion in loan guarantees for our neighbor to the south. We have been 
lobbied by the high rollers in the administration and from the Federal 
Reserve to gain our support for the peso prop up.
  Once again the working families are requested to shoulder the burden 
of bad judgment. Once again the backbone of this Nation is asked to not 
only feed their families but also feed greed of the international 
bankers.
  Like a drunk returning to the bottle our neighbor to the south 
returns to the taxpayers for this peso prop up, with a promise that 
this time it is different. A promise to increase taxes and 
[[Page H834]] a promise to institute wage and price controls?
  The increased taxes and wage controls will take money out of the 
pockets of the Mexican workers. And price controls will reduce the 
profits of their businesses. It will not work. It is a bad plan.
  Mr. Speaker, the working people of this Nation are saying no to the 
peso prop up.

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