A Workout, Not A Bailout

A WORKOUT, NOT A BAILOUT -- (House of Representatives - September 26, 2008)

Ms. FOXX. Madam Speaker, I agree with some of my colleagues on both sides of the aisle; we need to work on this together. We have a problem in this country in terms of our financial situation, and it should be a workout, not a bailout. However, it is important that we establish who is responsible for this happening.

There is responsibility on both sides of the aisle, but it is primarily on the side of the majority in this House because they failed over the years to recognize that you cannot continue to spend, spend, spend, and not have a day of reckoning.

We were given a proposal at the beginning of the week by the administration, and I liken it to a sick patient who is told by their doctor: You are going to die if you don't take this experimental treatment. If you take it, it may kill you; if you don't take it, you may die. You will have scars on your body forever.

We needed a second opinion. Most people would get a second opinion if they were facing that, and that is what we have to offer the American people now, a second opinion.

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