about a week ago the President of the United States went to Wall Street in the wake of the accounting scandals and the scandals that have caused so many Americans to lose so much money, so much of their life savings, so much money that they were counting on to pay for their retirements. One of the things he told the Wall Street firms was, you have to change the system of hiding your debts, making your balance sheets look better than they are. It is a shame the President did not live by his own axiom a year ago right now. Those of my colleagues who watch television, those of my colleagues who read the newspapers know that starting last January, February, March, we are talking about a year ago, the President was telling the American people, Washington is awash in money, it is awash in money. We have to have this big tax break. Well, it is easy to pay, Mr. President, if you are hiding the debts of the country. You see, because a year ago right now, and I do mean a year ago right now, our Nation was $5,726,814,835,287.17 in debt, and yet you had the American people convinced that we were awash in money.
Editor's note · Context
Addressing the President's comments on the economy and national debt during a speech on Wall Street scandals.
Share
More from Gene Taylor
if I may, since I have seen a tendency for some people in the bureaucracy of government to somehow lose sight of the value of our veterans, would you consider a letter to that extent to the Secretary? The Secretary has got a lot of things…
I very much want to thank the gentleman from Arkansas (Mr. Berry) for what he had to say. I too heard the President of the United States just a couple of weeks ago stand in this well and tell the American people we would not pass our…
Second question, again coming from the synopsis, and I know it is not perfect, but it says the bill would authorize two U.S.-built, -owned and -flagged vessels to enter into the U.S. coastwise trades. My question is, it has been highly…
I want to thank our acquisition folks for being here today. I think that the purpose of this is not just to educate a couple of Congressmen, but to let the moms and dads and loved ones of the people in uniform know what the military is…





