Political Quotes

“Mr. Speaker, you are right, the House should not consider IMF funding just an hour before we all get on board planes to head toward home. We should have a full debate on this issue. Let me just give my colleagues one example of why we should be discussing this. The IMF is working on an amendment to its Articles of Agreement that would give the IMF the power to require all member countries to liberalize their laws regarding the flow of capital accounts. They would be the ultimate enforcer of capital deregulation. All member countries, including the United States, would be told by the IMF what they could and could not do regarding the flow of capital. If my colleagues want some international bureaucrat to make that decision instead of the elected Members of Congress, then we should pass this motion. The point is, we have not had a chance to study this issue, we have not had a chance to debate this issue. We are asked to come here at the end of a work week, after a two-week hiatus, and take up a very complex issue. And I think that the Members of this Congress deserve more, the people of this Nation need more, and whatever Members think about the MAI or the IMF, the one thing that they should know is that we should be making this decision after we study it and after we debate it.”