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The PJ Tatler

by
Bryan Preston

Bio

October 25, 2012 - 11:13 am

Barack Obama did not lose the debates because of thin air. He lost because of thin thinking. Today, he tweeted the following, which is a quote from the stump speech he gives. It’s from his proposed remedies for the ballooning deficit.

 

The president has described that very spending on those very wars as spending “on a credit card.”

So having stated that the wars have been financed on deficit spending, how then is spending that money on something else not, also, deficit spending? He might answer, because it’s being spent here at home. But the war spending is mostly going to the troops in the field, their support troops, and US companies that manufacture weapons and materials used in the war. Either way, the money is being borrowed and then spent, and then some goes back into the economy.

And either way, it’s either being taxed out of the economy now or being borrowed against the future economy. It’s deficit spending no matter how you go.

Bryan Preston has been a leading conservative blogger and opinionator since founding his first blog in 2001. Bryan is a military veteran, worked for NASA, was a founding blogger and producer at Hot Air, was producer of the Laura Ingraham Show and, most recently before joining PJM, was Communications Director of the Republican Party of Texas.
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