Wednesday, January 25, 2012

Why Do They Say This Guy is So Smart, Again?

This bit from yesterday's State of the Union Address still has me shaking my head.

In the next few weeks, I will sign an executive order clearing away the red tape that slows down too many construction projects.  But you need to fund these projects.  Take the money we’re no longer spending at war, use half of it to pay down our debt, and use the rest to do some nation-building right here at home.  (Applause.)

Huh?  Even without the expense of the Iraq War, we are still running a deficit somewhere in the vicinity of $1.5 trillion a year.  How exactly do we pay down anything based on the fact that we could have been spending more?  Sorry, they never covered this accounting trick in B-School.

1 comment:

Misaki said...

Don't expect the average voter to be familiar with the specifics of the US deficit.

Anyway, just fyi: job creation without government spending.