[Congressional Record Volume 154, Number 13 (Monday, January 28, 2008)]
[House]
[Page H460]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        UNCLE SAM'S BIG BAILOUT

  (Mr. POE asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. POE. Mr. Speaker, the gloom, doom, and depressed say the economy 
is in trouble. The naysayer's solution is a big government bailout.
  Since Uncle Sam has apparently spent the money brought in by income 
taxpayers, he will just borrow $150 billion and give it away to 
Americans, many of whom don't even pay income tax.
  The idea is that Americans will rush out and spend the free money and 
that will allegedly help the economy. But the last time the Feds gave 
away money, 75 percent of the recipients paid off personal debt rather 
than go shopping at the mall.
  And where is Uncle Sam going to borrow $150 billion? Probably from 
Communist China, who already owns much of our debt. You know, the 
country that sells toys to America that contain lead.
  How does borrowing billions with interest expecting our kids to pay 
off our debt make us better off? The big spending gimmick has all of 
the earmarks of vote pandering.
  No individual or country can spend money it doesn't have and then 
blissfully claim economic victory.
  And that's just the way it is.

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