[Congressional Record (Bound Edition), Volume 156 (2010), Part 6]
[House]
[Page 8752]
[From the U.S. Government Publishing Office, www.gpo.gov]




           STOP BAILING OUT COUNTRIES, STATES, AND COMPANIES

  (Mr. FLEMING asked and was given permission to address the House for 
1 minute.)
  Mr. FLEMING. Mr. Speaker, recently the IMF announced a giant bailout 
to keep Greece from defaulting, defaulting on its own debt, debt for 
its socialistic economy. The U.S. is the largest contributor to the 
IMF; therefore, we are the largest bailout source for this. That's 
right, Mr. Speaker, the U.S. taxpayer is now in the business of 
rescuing Greece from its debt crisis, which was brought on by reckless 
borrowing and spending to fund welfare programs.
  While the U.S. is putting itself on the hook for another bailout, 
liberals in Washington are working hard to copycat the Greek model: 
taxing, spending, borrowing, and increasing entitlement programs across 
the board. Behind Greece are other European countries on the verge of 
default. Are we going to bail them out, too? And that's not to mention 
States like California and the many companies this government has 
already bailed out. Who will bail out our country when we can't borrow 
our way out of trouble?
  Mr. Speaker, let's stop bailing out countries, States, and companies, 
and hold all entities, including ourselves, accountable for runaway 
spending.

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