[Congressional Record Volume 141, Number 24 (Tuesday, February 7, 1995)]
[House]
[Page H1297]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


   PRESERVE THE CONSTITUTIONAL ROLE OF THE HOUSE FOR EXPENDITURES OF 
                              PUBLIC MONEY

  (Mr. ROHRABACHER asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. ROHRABACHER. Mr. Speaker, the American people and the Congress 
oppose the Mexican bailout, yet some power brokers in New York and in 
the executive branch seem to think they own the U.S. Government, and 
they have decided that the taxpayers are going to bail out Mexico 
anyway.
  Using our own exchange stabilization funds to rescue Mexico from 
default is the equivalent of selling our own car insurance so that we 
can pay for the insurance of an irresponsible neighbor who cannot get 
insurance of his own because his driving record is so bad, and this 
arrangement may work as long as we do not have an accident.
  In this situation, our greatest chance of an accident is being hit by 
our irresponsible neighbor.
  This bailout for Wall Street and the elite in Mexico is putting our 
people at risk. What happens then to our own currency if there is an 
emergency and our stabilization fund is empty?
  It is a travesty and a crime against our own people to do this. The 
administration must be held accountable to the Congress and the 
American people.
  Please, support, I ask my colleagues, support the Kaptur-Taylor 
privileged resolution to stop this crime.

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