[Congressional Record Volume 141, Number 152 (Wednesday, September 27, 1995)]
[House]
[Page H9509]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                            THE DEBT CEILING

  (Mr. DOGGETT asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. DOGGETT. Mr. Speaker, Pat Buchanan's America First campaign, move 
over. The Speaker is going one better by launching the America Second 
campaign.
  Friday, in New York, he stood, defiant to default. ``I don't care 
what the price is,'' he proclaimed. ``I don't care if we have no 
executive offices and no bonds for 60 days--not this time.''
  True, the dollar immediately plunged 5 percent and interest rates 
shot up. The Wall Street Journal coined a new term, the ``Newt 
Factor.'' I would call it a ``Newtron bomb.''
  But not to worry. Drive the dollar through the floor, let the 
interest rates soar, because America and its needs must take second 
place to the political posturing of the Speaker. America second, Newt 
first. That is the spirit of these zealots who say it is Newt's way or 
no way.

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