[Congressional Record Volume 143, Number 129 (Wednesday, September 24, 1997)]
[House]
[Page H7736]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




               AMERICANS ARE SPENDING, SPENDING, SPENDING

  (Mr. TRAFICANT asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. TRAFICANT. Mr. Speaker, White House economists say the economy is 
breaking all records. The proof is Americans are spending, spending, 
spending.
  Let us check out the records. Credit card debt is at a record high, 
$2 trillion. Individual bankruptcies are at a record high, record high; 
and they are up a record 27 percent again this year.
  Evidently, God made weathermen to make White House economists look 
good, Mr. Speaker. The truth is, the reason America is spending, 
spending, spending is because Americans are borrowing, borrowing, and 
borrowing. The truth is, these White House economists are so dumb they 
could fall out of bed and miss the floor.
  I accuse them all of inhaling over there, No. 1. And No. 2, they have 
become spastic over plastic in this economy. I yield back all the lost 
jobs that are good paying. I yield back all the record debt. And I 
yield back all the record bankruptcies.

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