Real-estate tycoon Barry Sternlicht slams Congress for ‘spending money like drunken sailors’

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Distribution

Real-estate billionaire Barry Sternlicht has recently suggested a solution to the U.S. inflation problem. In a recent interview, Sternlicht advised the U.S. Congress to “stop spending money like drunken sailors” in order to combat the rising inflation rates.

Sternlicht’s Advice

Barry Sternlicht, the founder of Starwood Capital Group, believes that excessive government spending is a key contributor to the current inflation problem. He argues that the government needs to exercise more fiscal discipline and prioritize investments that will generate long-term growth.

Congressional Action

Sternlicht’s comments come at a time when inflation in the United States is on the rise, fueled in part by increased government spending during the COVID-19 pandemic. The Federal Reserve has raised concerns about inflation exceeding its 2% target, prompting calls for action from Congress.

Sternlicht’s Influence

As a prominent figure in the real estate and investment industries, Barry Sternlicht’s advice carries weight. He has been a vocal critic of government spending in the past and has called for fiscal responsibility from policymakers.

Conclusion

In order to address the growing inflation problem in the United States, Barry Sternlicht has urged Congress to rein in its spending and focus on investments that will promote long-term economic growth. His words serve as a reminder of the importance of fiscal discipline in maintaining a stable economy.

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