Tim Ryan: “If I may, I think if you have to deficit-spend, if you have to borrow money because you need to make an investment, the…”

“If I may, I think if you have to deficit-spend, if you have to borrow money because you need to make an investment, the Federal government's decision should be based on the same kind of principles that a family would base the decision on. By borrowing this money, are you going to yield more value down the line? So a business will buy a machine and go into debt so they have the machine, but they know long-term if they make enough widgets out of the machine that eventually they'll pay it off and they'll actually increase the value of the company. Families borrow money, like for school and for college because they know that they may have to borrow 20 or $30,000, but your son or daughter that has a college degree will be able to pay that back and have a higher standard of living throughout the course of their life. So if we are borrowing money, if we are going to deficit-spend, it seems to me it would make sense that we want to invest into our own health care or education. But this President has spent and borrowed over $3 trillion, as my colleague from Miami has pointed out so eloquently. Where is the return? Where is the return on the $700 billion we have spent in Iraq? Where is the return? Lower oil prices? Lower gasoline prices? No. It has only aggravated the problem that we have in the global economy now.”