[Congressional Record (Bound Edition), Volume 156 (2010), Part 5]
[House]
[Page 6386]
[From the U.S. Government Publishing Office, www.gpo.gov]




               AS PREDICTED, HEALTH CARE COSTS WILL RISE

  (Mr. ISSA asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. ISSA. Mr. Speaker, I have been here for about 30 minutes 
listening to both sides talk past each other. Mr. Speaker, the American 
people, they get it. They get it that in fact cap-and-trade will 
increase the cost of doing business; that health care, which is already 
too big a piece of the family budget, is going up, not down; that 
government is increasing spending at a time in which the revenue is far 
less than what we're spending. In fact, 40 percent of the budget is 
being borrowed. And now we're having the hubris to call financial 
reform of something that in fact is a financial bailout guarantee.
  Under President Clinton and a Republican Congress, Glass-Steagall was 
eliminated. Why in the world wouldn't we be talking about simply 
recreating the separation between real banks that the FDIC does have a 
fund for, created by the banks, and investment banks, which you 
recognize if they fail, they fail, and you are only guaranteed on the 
underlying stock.
  Mr. Speaker, I call for real reform.

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