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Government Spending vs. Investment

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    Former Rep. Dennis Kucinich on the president’s plan to boost economic growth.

  • Duration 6:19
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-- notice from last night's state of the union message.

So what's -- party emphasis -- and work to pass a budget that replaces reckless cuts.

With Smart savings and wise investments and our future it is not.

A bigger government we need but a smarter government that sets priorities and invest in broad base -- We want to -- about products.

We also have to invest in the best ideas now is not the time to got.

These job creating investments in science and innovation today no area holds more promise -- our investments in American energy.

Investments that's the key would to watchful Daryn that montage the president referred to investing which basically means spending more government money refer to it throughout his presentation thirteen times -- -- -- would investing -- Let's bring in Dennis Kucinich.

He is at Fox News contributor a -- congressman so welcome back to the program could see again.

Stewart's it's great to be with you I appreciate this opportunity here share some -- now you deny it totally disagree about economics economic policy.

We do I mean come on let's be honest your Fox News contribute -- sum up to lose my temper but you know -- have you back now look.

Cut gave you conflicting think you'd think that if the government spends a lot of money invests in various programs all us -- You think that that will create growth in the American economy.

I say want but what you explain the connection between spending -- government money -- private sector money more government money.

To create real growth and our economy how's -- gonna happen got.

Well first of we have to acknowledge that -- over ten million people out of work.

Those people some of the more for the government but most -- -- the private sector.

Now there's a bigger question here and I will say and -- you may agree with this we cannot tax our way to prosperity.

Nor should we cut our way to austerity.

There is a role for government in the economy.

But what I heard your previous remarks about oil and gas.

You should -- your fears about this president.

Oil exports went up 1056%.

Compared to December.

I'm 1999.

But you know in in in November is nobody could -- -- is he's going.

Toss out its oil and -- really.

No no no no I don't know he know he is not -- going all now what did they say yes guest is not going allow for all I guess permits issued he must that it just don't pipeline look.

I know you don't like the oil companies.

I know you know but the president wants to tax them so I don't want that -- -- raising their prices -- use and then use that money for green energy projects.

The president is not gone hopeful oil but it get -- let me get back it's a what a way to ask the question.

How is it that spending a lot more government money which we do not half.

Creates jobs and growth don't explain it to him.

Students Stewart hold on a minute.

Government should spend less.

It's it's spend less -- wars and interventions.

Right now they're planning needed to have military exercises in 35 different African countries why don't we start taking care clinics that are hot that's -- the question that the question I asked was can -- -- as well -- spend money you know show me how spending more money the way the president wants to creates real growth in our society.

Infrastructure we need to rebuild America's infrastructure we can't -- the private sector put out trillions of dollars to rebuild roads.

Bridges water system sewer system.

That is an investment the government needs to make so that our economy can grow and we can't be borrowing money from China Japan.

South Korea to be able to get -- money to do that we've got to go back to the constitution of the United States which gives government the ability to be able to.

To do the investing.

That will help our country grow I mean this isn't only about the private sector.

That this isn't about ideology it's about practicality.

Of -- -- -- know what they continue to build a bridge had to take fifty billion dollars.

Which we don't have and spend it.

On -- structure and spending on building bridges -- but that that I really -- that we'll see a lot we've got he would create union jobs at union scale that's what that would do.

How about pre school universal pre school.

That's what the president -- he spell -- out last not universal preschool you -- tell me.

How about kind of new entitlement program stretching off endlessly will create real jobs and real growth in America.

-- -- -- Are you kidding I mean if we could give our children.

Ages three to five.

The opportunity to -- The chance to learn math and an early age.

It would be that we have exponential growth what I should help out other I don't groceries home other countries are investing in their children you -- why don't we preschool and our universal preschool would give us exponential.

Growth.

I don't see the absolute limit the web why don't let -- our children when what this growth -- -- Over and over the lifetime of a child look.

I don't from my own experience I didn't go to a preschool program but my mother taught me -- by the time I was three years old.

That made all the difference in my life we need to -- recognize children.

As our greatest treasure and invest and nab that I.

This is not only do I agree with the president.

The story I wrote the bill but universal prekindergarten to invest in America's children -- look I I do all I want is 456%.

Growth I don't think this president is gonna get is that -- -- -- what I look we can't get there are no you are guy William Q wholeheartedly what do you know we can't we.

We are and you know what though if we go into this.

Into this austerity mode which some people are promoting.

We're gonna choke any chance of growth in this country I want to see more wealth creation I want to see America have.

Growth across the board.

I think that when we get the private sector growth going that's what we ought to be involved in helping to -- and -- come -- I -- outweigh I don't want my taxes I don't want more government spending for nothing.

I do what you to come on back on got -- -- the following question.

Watts fascia.

For a guy who makes a million dollars a year don't answer now that -- on us and about one have you back a wanna see what you think is a fascia -- Dennis Kucinich dates won't let it good to see is set thanks so much ended.

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