[Congressional Record Volume 157, Number 107 (Monday, July 18, 2011)]
[House]
[Page H5130]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                IT IS NOT ABOUT PROTECTING BILLIONAIRES

  (Mr. DUNCAN of Tennessee asked and was given permission to address 
the House for 1 minute and to revise and extend his remarks.)
  Mr. DUNCAN of Tennessee. Mr. Speaker, in all the debate about the 
debt ceiling, the biggest falsehood is that Republicans want to protect 
the multimillionaires and billionaires. The millionaires and 
billionaires can take care of themselves; and, in fact, they come out 
ahead especially when government gets too big. And Republicans lose the 
superwealthy areas usually by two-to-one margins or more.
  The reason we don't want tax increases is because the Federal 
Government is so wasteful. The least economical, least efficient way to 
spend money is to turn it over to the Federal Government. Look at how 
little good the $862 billion stimulus did. Unemployment went up.
  Every dollar that can be kept in the private sector will do much more 
to create jobs and keep prices down. The ones who will benefit the most 
from more money in the private sector will be the middle- and lower-
income working people. If this wasn't true, the Soviet Union and Cuba 
would have been heaven on Earth.
  It is not about protecting billionaires--not in the least.

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