Ron Paul
2001 Ron Paul Chapter 63

Export-Import Bank

24 July 2001

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Congressional Record (Page H4447)   Cached

2001 Ron Paul 63:1
Mr. PAUL. Mr. Chairman, will the gentleman yield?

Mr. BEREUTER. I yield to the gentleman from Texas.

2001 Ron Paul 63:2
Mr. PAUL. I thank the gentleman for yielding, Mr. Chairman. The gentleman makes the point that we fund in our Export-Import Bank less compared to other nations. That possibly is true.

Mr. BEREUTER. In absolute terms.

2001 Ron Paul 63:3
Mr. PAUL. The gentleman argues for an increase. But is it not true that the United States has had a healthier economy in the last 10 years than most of our competitors, indicating that it probably has not done us that much harm by not doing the same things that other countries do by penalizing their people with high taxation and making these subsidies?

Mr. BEREUTER. Reclaiming my time, our economic health relies on a lot of things, but we cannot confuse cause and effect. If we lost our export sector, we would be in deep trouble.

Take my own home State, for example, agriculture being one of the two major largest exporters. One-third, maybe even more, of everything we grow, like the rest of this country, is export. If we lose that base, if we would write off 95 percent of the world’s people, we are in a hopeless condition.

I would say to the gentleman, I understand his ideological reasons for offering this. I happen to dramatically disagree. I think American citizens do not support the unilateral disarmament.

2001 Ron Paul 63:4
Mr. PAUL. If the gentleman will continue to yield, Mr. Chairman, why is it assumed that there would be no export funds available to export goods if we did not subsidize the exports?

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