Mr. Speaker, the Federal Government continues to bankrupt Uncle Sam with bailouts to special interest groups using taxpayer money. One more group has appeared on the steps of the Capitol dragging the sack for more ``Free Money.'' None other than the adult entertainment business, specifically, the CEO of ``Girls Gone Wild,'' has asked for $5 billion to save them from calamity.
When is this mentality going to stop that citizens should subsidize industries that have fallen on hard times?
According to the Congressional Research Service, the total amount of bailouts in 2008 now exceeds ``all the costs for major wars the United States has ever engaged in, including the American Revolution, the War between the States, World War I, World War II, Korea, Vietnam, Iraq and Afghanistan,''--about $8.5 trillion.
Mr. Speaker, the Federal Government has gone wild with all these giveaway programs. And so far the bailouts have had little or no positive impact on the markets or the economy.
No more bailouts. We cannot tax, borrow and spend our way into prosperity during these tough economic times.
And that's just the way it is.
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