[Congressional Record Volume 141, Number 20 (Wednesday, February 1, 1995)]
[House]
[Page H976]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


[[Page H976]]
                       LEAVE INTEREST RATES ALONE

  (Mr. BONIOR asked and was given permission to address the House for 1 
minute.)
  Mr. BONIOR. Mr. Speaker, the American people are sending a very 
simple message today: ``Don't do it, Mr. Greenspan, don't raise 
interest rates. Every time you raise interest rates, working middle-
class families get hurt.''
  Six times in the past 2 years interest rates have gone up. Those 
increases alone have added $24,000 to the price of a 30-year, $50,000 
mortgage, $24,000 added to the cost of a home.
  If we raise taxes that much, the American people would be in revolt. 
If we raise interest rates again, it would be like throwing a bucket of 
ice water on the U.S. economy, and its working families will be left 
out in the cold.
  So do not do it, Mr. Greenspan. Leave interest rates alone.
  

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