[Congressional Record (Bound Edition), Volume 156 (2010), Part 11]
[House]
[Page 16181]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              OBAMA-NOMICS

  (Mr. POE of Texas asked and was given permission to address the House 
for 1 minute.)
  Mr. POE of Texas. Mr. Speaker, the proposed administration tax hikes 
are the largest tax increases in American history. The government 
spends money that we don't have; 42 cents of every dollar spent is 
borrowed money.
  Now the plan is to hike taxes sky high and how is that going to 
create those jobs? It has been said ``you can't legislate the poor into 
freedom by legislating the wealthy out of freedom. When the government 
gives money to one person, the government first has to take that money 
from somebody else.''
  ``When half the people get the idea that they do not have to work 
because they think the other half is going to take care of them, and 
when the working people get the idea it does no good to work because 
the government is going to take away what they worked for, that 
discourages all citizens to work.''
  Obama-nomics is the failed philosophy of more government, more 
spending, more borrowing and more taxes; and it's a failed philosophy.
  And that's just the way it is.

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