[Congressional Record (Bound Edition), Volume 147 (2001), Part 1]
[House]
[Page 1453]
[From the U.S. Government Publishing Office, www.gpo.gov]



                     BUYING OUR WAY INTO BANKRUPTCY

  (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, the trade deficit is at $10 billion a 
week, $40 billion a month, a half trillion dollars a year. 
Unbelievable. Japan continues to take $60 billion out of our economy a 
year, and China is now taking over $100 billion a year out of America, 
and both Japan and China continue to keep American products out.
  Now, if that is not enough to neuter your dragon, China has missiles 
pointed at us.
  Beam me up. A Nation that buys more than they sell will go bankrupt, 
and a Nation that allows illegal trade destroys all American industry.
  I yield back the bankruptcy of America's steel industry. Day after 
day the filings continue to mount up.

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