[Congressional Record (Bound Edition), Volume 155 (2009), Part 7]
[House]
[Page 8750]
[From the U.S. Government Publishing Office, www.gpo.gov]




        HARD WORK, SOUND INVESTMENT, LOWER TAXES, AND LESS DEBT

  (Mr. CASSIDY asked and was given permission to address the House for 
1 minute.)
  Mr. CASSIDY. Mr. Speaker, in times of hardship, leaders must inspire 
hope; and, to his credit, President Obama inspires hope. But without 
planning, reason, and a sense of what works, inspired hope can be a 
hoax. History in economics demonstrates that the path to prosperity is 
hard work, sound investment, lower taxes, and less debt. Whether in a 
family business or government, debt imprisons.
  In the short term, debt can elevate the standard of living; but if 
income grows slower than debt, debt destroys that standard of living. 
And my fear is that the trillions in debt that the President is 
creating will swallow economic growth and destroy that standard of 
living. Our economic future will be pawned, our future in debtor's 
prison.
  The President is ambitious and impatient, but I ask that his ambition 
not deafen him to the lessons of history and economics. I ask him to 
inspire hope not just for the present, but also for the future.

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