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Taxpayers Being Asked to Pay for a Grand Old Party On Wall Street

Date: Sept. 25, 2008
Location: Washington, DC
Issues: Finance and Banking Government Budget and Spending


TAXPAYERS BEING ASKED TO PAY FOR A GRAND OLD PARTY ON WALL STREET -- (House of Representatives - September 25, 2008)

Mr. DOGGETT. Madam Speaker, in somber terms last night, President Bush described a crisis as if it had emerged on Wall Street from outer space. Never accepting any personal responsibility, this is the man who chased the sheriff off Wall Street while it had a party, a grand old party.

That infamous Republican earmark, that Bridge to Nowhere up in Alaska, it carried a hefty price tag, $223 million. Well, what President Bush is now asking Americans to do is to pay for the equivalent of 4,500 Alaskan bridges, a $1 trillion gold-plated, diamond-encrusted bridge to Wall Street.

And our job here in Congress is to ask, is this just another Bridge to Nowhere, and ask why is it that the party-goers don't have to pay for the party? Why should American taxpayers and future generations of Americans have their future mortgaged to pay for a party they never participated in?


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