The debt at the end of the Second World War was $350 billion. Do you know what the present value of a 1994 dollar is relative to a 1945 dollar?

Now, if we are really going to talk about what we are doing and what the fault of the Government is, what the fault of the position of the United States is, there is nothing wrong with discussing the true facts and real facts in trying to…

Those of us just elected in the last election came here with the idea that this institution has not had the discipline to balance its budget for too long and for many, many years.

It is about 8 cents. So that means the dollar has deflated by 12 times. So if you will multiply $350 billion by 12, you will find today that the debt of the United States is about equal in amount, in dollar amount, real value amount, as it…

It is important. I just want you to recall in 1973 the President, having been dissatisfied with the investigation of the FBI and the CIA in the Watergate scandal, all he had to do was use this provision, if it were in law, and strike the…

I wish it were just so simple, and I wish that there had not been a weakness on the part of not only the Congress but the President for these last 14, 15 years to reconcile where America should be. But the worst thing about this debate is…

I am satisfied that we can exercise and delegate to the President substantially more authority, but the weakness that we have is we can never reclaim that authority once delegated. Now I am not going to pass on the constitutionality of the…

it was in that period of time in the early 1970's, at the end of the first term of the Nixon administration and the beginning of the second term of the administration, and we are all aware of all of the President's men, we are all aware…

I agree with his proposition and would have supported it if it had been part of the bill in previous years. We do know that one of the most disgraceful things in the Congress of the United States is these special loopholes for wealthy…

Absolutely not. Let me give an example, and I know the gentleman from Texas feels strongly on the wetlands legislation. I know a lot of my friends on the other side and I have seen inadequacies in the legislation, not in the intent but in…

Mr. Chairman, I think we just heard a very broad view of probably some of the problems that some of us see as excesses which could occur in consideration of the program for 100 days or the process of moving that legislation through without…

I do not want to suggest it is only, but we do have a solid block that is clearly a majority. They are going to prevail. Let me suggest maybe we can save a lot of frustration and time, and that is why do we not take the next 2 weeks on the…

I think the gentleman from Louisiana has a good idea. Over the weekend I saw where the Governors unanimously agreed with the proposition we should bail out Mexico. I think since they think that is so great, my suggestion is let us not have…

They are doing that because there is a question of whether or not there is sufficient capital to support the extensive amount of mortgage activity in the secondary market.

The existing judicial review goes only to capriciousness and unreasonableness. It does not go to the standard of whether or not they complied with the requirements of cost analysis. We are adding here in this bill an entirely new arm and…

In one moment I will. One hearing we held in San Francisco in the late 1980's, the State regulators of California's S&L's with great disdain took the witness stand and testified that in his first year in office it was his mandate for…

No, there is, and the gentleman does not understand it because we have not denied judicial review in this bill, and in fact there is judicial review in this bill. For any regulation that is issued, we are granting any bank or institution…

Not to get off the subject, Mr. Chairman, but this is a perfect example of an argument that should be brought up later when we take up the term limitation question. Mr. Chairman, we have sitting on the floor today probably 170 Members of…

we are mostly concerned with the capacity of an army of lawyers from one of the wealthiest special interest communities, the financial community of the United States, to resist the issuance of regulations. The President's existing…

if this is such scare tactics, and, first of all, if this is so innocuous, but opposed by the banking majority, I ask the gentleman, ``Why aren't any members of the Banking Committee here in the majority arguing this proposition?'' I ask a…

I rise today in opposition, of course, to the amendment of my friend, the gentleman from Texas [Mr. Barton]. I have had the occasion to express my concern on the House floor on past occasions on the balanced budget amendment. I have…

I come from the State of Pennsylvania, and we are famous for hunting. I know our chairman on the other side comes from an area not distant from mine, and some of our counties have more deer than people. In Pennsylvania when we have an over…

So we have no exemption. We have no denial of judicial review here. So anyone subjected under this bill has a right to go to a Federal district court to raise the question of whether the rule or regulation that they are being charged under…

every individual cannot challenge whether or not the estimate of costs of an unfunded mandate were complied with, whether the future costs of the mandate have disproportionate effects on State and local government budgets. That is not the…

I do not care how excellent the administration operates or the executive agency operates. Every individual American, if we do not deny the right of judicial review, will have the opportunity to go into court and raise all these legal…