On CNBC’s Squawk Box, Rep. Carolyn B. Maloney (D., N.Y.) echoed President Obama’s call for more stimulus-style “investments.” House Budget Committee Chairman Paul Ryan responded, “When a politician in Washington says ‘investment,’ that means more government spending. That is a problem.”
Ryan continued: “Investment in our world is entrepreneurs, small businesses, and risk-takers investing their own capital… Let’s let the private economy grow so that we can give them the kinds of incentives to do that: Low, stable tax rates, sound money, and not all of this new spending in Washington, where 40 cents of every dollar is borrowed money.”
Jason says
Carolyn Maloney is full of baloney.