[Congressional Record Volume 141, Number 57 (Tuesday, March 28, 1995)]
[House]
[Page H3818]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                            MAXED OUT CREDIT

  (Mrs. SEASTRAND asked and was given permission to address the House 
for 1 minute and to revise and extend her remarks.)
  Mrs. SEASTRAND. Mr. Speaker, most of us sit around the kitchen table 
once a month to pay the bills. The mortgage payment, the car payment, 
and insurance take out the majority of the paycheck. Then we notice the 
car insurance went up and we had unexpected medical bills. Sometimes we 
glance at the credit card bills and find they too are maxed out. We 
call this monthly kitchen table financial reality.
  Kitchen table financial reality has hit our Nation. Our Nation's 
bills keep growing, and the country's credit cards are maxed out. Just 
as families decide to cut the monthly expenses and quit using the 
credit cards, so too has the Republican majority faced up to 
controlling the Federal bureaucracy from its uncontrolled spending 
habits and we are putting a hold on the credit cards.
  Cutting the deficit to save the next generation of children from 
being born into bankruptcy won't be easy. It will require sacrifice 
from all Americans, just as mothers and fathers sacrifice for our 
children everyday.


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