[Congressional Record (Bound Edition), Volume 154 (2008), Part 16]
[House]
[Pages 21996-21997]
[From the U.S. Government Publishing Office, www.gpo.gov]




                        A WORKOUT, NOT A BAILOUT

  (Ms. FOXX asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. FOXX. Madam Speaker, I agree with some of my colleagues on both 
sides of the aisle; we need to work on this together. We have a problem 
in this country in terms of our financial situation, and it should be a 
workout, not a bailout. However, it is important that we establish who 
is responsible for this happening.
  There is responsibility on both sides of the aisle, but it is 
primarily on the side of the majority in this House because they failed 
over the years to recognize that you cannot continue to spend, spend, 
spend, and not have a day of reckoning.
  We were given a proposal at the beginning of the week by the 
administration, and I liken it to a sick patient who is told by their 
doctor: You are going to die if you don't take this experimental 
treatment. If you take it, it

[[Page 21997]]

may kill you; if you don't take it, you may die. You will have scars on 
your body forever.
  We needed a second opinion. Most people would get a second opinion if 
they were facing that, and that is what we have to offer the American 
people now, a second opinion.

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