The Tone Deaf Ruling Class
This is precisely the thinking that has to end:
The two-phase plan will require Obama to argue for spending more money in the short term while reducing the federal deficit over a longer period. Many economists support that combination, saying that cuts in spending should wait until the economy is stronger. But political strategists say it has been difficult to communicate that idea to voters.
Obama pushed the idea Wednesday during a stop in Alpha, Ill. “Yes, some of these things cost money,” he said. “The way we pay for it is by doing more on deficit reduction.”
Enough already! Stop with the stimulus spending. Stop with the gimmicks. Stop with the attempts to use anxiety about the economy to expand the government’s size and scope.
It doesn’t “pay for” increased spending to spend a little bit less money you don’t have in other areas. That is, reducing the deficit doesn’t mean that you can spend the reduction, unless you’ve crossed the zero mark and are no longer spending more than you take in.