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Paul Ryan: Only in Washington does more government spending = "investment"

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Uploaded on Feb 8, 2011

On CNBC's Squawk Box today, 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."

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