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Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional business and retail lending activities as banks try to rebuild their balance sheets. This was one aspect of modern financial liberalisation that had dire consequences. ↗
The American people elected us here to cut spending so we can create an environment for jobs in America. The House has acted. We have demonstrated that we want to see spending, discretionary spending, brought down to levels of 2008. We've seen no counteraction. We have seen no position that has been expressed by the other side at all. ↗
