[Congressional Record Volume 155, Number 9 (Thursday, January 15, 2009)]
[House]
[Page H328]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
REJECT THE BAILOUT
(Mr. PAULSEN asked and was given permission to address the House for
1 minute.)
Mr. PAULSEN. Mr. Speaker, the definition of ``insanity'' is doing the
same thing over and over again and expecting different results.
Three months ago, Congress rushed to spend $350 billion of taxpayer
dollars without adequate hearings and deliberation. The result was a
lack of transparency and accountability, a disappointment in how the
massive funds were spent and a bloated Federal budget deficit. But here
we go again. This Congress is now proposing to do the exact same thing.
Another $350 billion bailout is not the answer my constituents are
looking for. The people in my district in Minnesota are struggling to
make ends meet, and they're worried about the future. We must take
concrete steps to jump-start our economy and put people back to work.
It's time to stop exposing taxpayers to any more undue risk. It's time
to stop saddling them with unnecessary debt.
Mr. Speaker, Congress should reject another $350 billion bailout, and
instead, it should focus on preserving, protecting and creating jobs to
get our economy going again.
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