There is no such thing as government spending. Everything's an investment.

Barack Obama is set to announce new spending on items such as high-speed rail and alternative energy in tonight's State of the Union. But instead of calling it spending, he will call it investment.


Hey, I can play this game too.



Those wars in Afghanistan and Iraq did not involve a single dollar of spending; that money was an investment in international liberty.
Building a border fence is an investment in security.

We can do the same on the revenue side of government.



Those income tax cuts are investments in labor.
Tax cuts on investments are investments in capital.


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Published on January 25, 2011 16:19
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