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.”