[Congressional Record (Bound Edition), Volume 159 (2013), Part 4]
[House]
[Page 5252]
[From the U.S. Government Publishing Office, www.gpo.gov]




               WHAT HAPPENED IN CYPRUS CAN HAPPEN IN U.S.

  (Mr. MICA asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. MICA. Mr. Speaker, the indebtedness of the United States is 
reaching $17 trillion. Just a few weeks ago, Europe, the entire world, 
and Americans shuddered when they saw, in Cyprus, what took place.
  Imagine going to the bank and having the door closed. Imagine putting 
your ATM card in and not being able to get funds. Imagine being 
restricted to taking $300 a day.
  What happened in Cyprus can happen in the United States.
  Remember, also, accounts for people who worked hard, had invested and 
put their accounts and money away. They came in; and if you had 
$100,000, the government skimmed off the top.
  Look at President Obama's proposal in his budget. Look at his 
restrictions, and also taxing and taking from those who have retired.
  The same thing can happen in America that's happened in other 
countries.

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