Spending “War Savings” Is Still a Budget Gimmick
During the first presidential debate, President Obama reiterated a policy proposal that barely holds water. His proposal to use so-called war savings from the troop drawdowns in Iraq and Afghanistan to pay for more domestic spending is nothing short of a budget gimmick. It would also justify continued federal spending excesses.
Obama argued for taking “some of the money that we’re saving as we wind down two wars to rebuild America and that we reduce our deficit in a balanced way that allows us to make these critical investments [on education, transportation, and infrastructure].”
It’s a myth that merits debunking.