Barney Frank was great yesterday with Sen. Jim DeMint. Here is the transcript. A highlight:
FRANK: Spending can be stimulus. I don't understand what you think stimulus is.
DEMINT: But this is the largest spending bill in history, and we're trying to call it a stimulus when it's just doing the things that...
FRANK: Well, let me tell you what I think is the largest...
DEMINT: ... you wanted to do anyway.
FRANK: The largest spending bill in history is going to turn out to be the war in Iraq. And one of the things, if we're going to talk about spending, I don't -- I have a problem when we leave out that extraordinarily expensive, damaging war in Iraq, which has caused much more harm than good, in my judgment.
And I don't understand why, from some of my conservative friends, building a road, building a school, helping somebody get health care, that's -- that's wasteful spending, but that war in Iraq, which is going to cost us over $1 trillion before we're through -- yes, I wish we hadn't have done that. We'd have been in a lot better shape fiscally.
STEPHANOPOULOS: That is a whole another show, so I'm going to...
FRANK: That's the problem. The problem is that we look at spending and say, "Oh, don't spend on highways. Don't spend on health care. But let's build Cold War weapons to defeat the Soviet Union when we don't need them. Let's have hundreds and hundreds of billions of dollars going to the military without a check." Unless everything's on the table, then you're going to have a disproportionate hit in some places.
2 hours ago