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.