[Congressional Record (Bound Edition), Volume 159 (2013), Part 8]
[House]
[Page 12062]
[From the U.S. Government Publishing Office, www.gpo.gov]




                         LIVE WITHIN YOUR MEANS

  (Mr. MESSER asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. MESSER. Mr. Speaker, last week's $19 billion bankruptcy by the 
city of Detroit should serve as a wakeup call for every American. 
Chicago, with a reported $19 billion unfunded pension liability, and 
Los Angeles, with an estimated $30 billion in debt, may not be far 
behind.
  Each of these communities practiced the failed tax-and-spend policies 
of President Obama and the Left. While many progressive policies sound 
great in theory, both history and current events show these policies 
don't work in practice.
  As Margaret Thatcher said decades ago:

       The problem with socialism is that you eventually run out 
     of other people's money.

  We do it better in Indiana. It's not always easy, but Hoosier leaders 
balance budgets and live within their means. To build a better future, 
our country needs to follow that example and not Detroit's.

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