Barney Frank: I Know The Solution To All Our Problems -- Tax and Spend

Jonathan Garthwaite
Posted: Oct 21, 2008 9:03 AM
Barney Frank on CNBC yesterday:

"I think at this point, there needs to be an immediate increase in spending, and I think this is a time when deficit fear has to take a second, uh, a second seat. I do think this is the time for a very important kind of dose of [unintelligible]. Yes, I think later on, there should be tax increases. Speaking personally, I think there are a lot of rich people out there who we can tax at a point down the road to recover some of this money."