Amory Houghton said "I have to admit I was against this legislation originally because the whole concept of victory bonds in World War II was to take money out of the economy so it would not be chasing consumer products which were no longer in existence because the production had moved towards defense. But then in thinking through what is happening here, everybody wants to be a part. Everybody wants to be a part of our effort, whether they give money to the Red Cross or whether they give blood in a blood bank. I think this is a worthy cause and something which Americans can identify with, and I think it is the right thing to do. I thank the gentleman from Maryland (Mr. Cardin) very much for his participation here; and I thank the originators of this bill." @ PoliticalQuotes.com

On the recordOctober 23, 2001

I have to admit I was against this legislation originally because the whole concept of victory bonds in World War II was to take money out of the economy so it would not be chasing consumer products which were no longer in existence because the production had moved towards defense. But then in thinking through what is happening here, everybody wants to be a part. Everybody wants to be a part of our effort, whether they give money to the Red Cross or whether they give blood in a blood bank. I think this is a worthy cause and something which Americans can identify with, and I think it is the right thing to do. I thank the gentleman from Maryland (Mr. Cardin) very much for his participation here; and I thank the originators of this bill.

Said by

Amory Houghton

Republican · New York

Source

govinfo.gov

Editor's note · Context

Discussing support for legislation related to victory bonds.

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