On the recordSeptember 24, 1997
White House economists say the economy is breaking all records. The proof is Americans are spending, spending, spending. Let us check out the records. Credit card debt is at a record high, $2 trillion. Individual bankruptcies are at a record high, record high; and they are up a record 27 percent again this year. Evidently, God made weathermen to make White House economists look good, Mr. Speaker. The truth is, the reason America is spending, spending, spending is because Americans are borrowing, borrowing, and borrowing. The truth is, these White House economists are so dumb they could fall out of bed and miss the floor. I accuse them all of inhaling over there, No. 1. And No. 2, they have become spastic over plastic in this economy. I yield back all the lost jobs that are good paying. I yield back all the record debt. And I yield back all the record bankruptcies.
Source
govinfo.gov
