OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Doing Nothing Is Unacceptable

Date: Oct. 2, 2008
Location: Washington, DC
Issues: Government Budget and Spending


DOING NOTHING IS UNACCEPTABLE -- (House of Representatives - October 02, 2008)

Mr. WILSON of South Carolina. Mr. Speaker, the economic recovery bill we have before us does not include every free market idea I believe would improve it. But when the retirement savings of hardworking Americans are threatened, when businesses start to fail, jobs begin to dry up, or jobs of American taxpayers are in danger, it is clear that the price of doing nothing far exceeds the price of what we are considering.

Small businesses and families are the heart of this bill. They did not cook the books or make bad financial decisions. They had faith in the free market and worked hard for their success.

This bill is an imperfect option in a tragic situation, but it protects jobs and taxpayers. It provides transparency and oversight to the actions of the Treasury. It provides free market alternatives to spending tax dollars, like insurance, loans, and an increase in the FDIC cap. And it helps keep taxpayers from paying an even higher price for the misdeeds of Wall Street.

In conclusion, God bless our troops, and we will never forget September the 11th.


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