Transcripts for BBCNEWS BBC News 20210529 01:15:30 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
This is bbc news with the latest headlines for viewers in the uk and around the world. president biden goes on the road to defend his plans for a $6 trillion government spending spree, the biggest since the second world war. the belarusian leader, alexander lukashenko, accuses the west of trying to destabilise his country during talks with president putin. facing up to its colonial past, germany formally recognises it committed genocide in namibia and promises more than $1 billion in aid. translation: our goal| is to find a joint pathway to genuine reconciliation and to commemorate the victims. to that end, we acknowledge what happened in what is today called namibia. and a crunch moment for the us
Government spending spree. paul ryan is a complete hypocrite. the stimulus passed was $250 billion, $300 billion in tax cuts that went to the middle class. the idea that it wasuge government spending is not backed up by the law. the other thing, paul ryan wrote multiple letters supporting projects in his district as part of the obama stimulus, so this is just, look, the reality is that paul ryan has a long history as a hypocrite. he voted for t.a.r.p., multiple stimuluses under bush. he has no credibility. did doug get a $300 check from the federal government under obama? come on, man. there s no comparison. he raises an interesting point. and a point that others have raised the past few days. one of the claims that a lot of
Ryan has forcefully danced the underlying basic concept of keynesian economics the idea during a recession or depression the government can boost economic recovery through spending sometimes deficit spending. here he is in july of 2010 making just that argument. too many are searching for answers in the discredited economic playbook of borrow and spend keynesian policies. i reject only government intervention in the government can secure this country s renewed prosperity. adherence to this premise has given us a damaging policy mixture. it has sparked government spending spree and borrowing binge. workers, taxpayers and families across this country have been guinea pigs. washington s economic experiment has failed. so, no keynesian, borrow and spend, deficit spending to boost recovery and jobs during a
Job act. in reality the 447 billion dollar government spending spree is more like the second coming of the stimulus. we know how effective that legislation was. the president described the measures that he claim will put america back to work. what he left out was how exactly all of this going to be paid for. except of course, massive tax hikes on the wealthiest americans. here to give us the republican perspective on last night s address, congressman shock and adam kin singer. it is across the board the response you see from people except for the die-hard obama lovers out there. congressman shock, is there anything here that you see that is going to help create jobs in the country? sean, we already know the answer to your question this is really a mini stimulus bill. it is stimulus 2.0. it spends a third of the