November 13, 2009 - The deficit news comes the same day that the Wall Street Journal is reporting that the White House is considering spending unused bailout money to pay down the deficit, in a story co-bylined by my former Post colleague, Jonathan Weisman.
But think about this for a minute: The bailout was not a big pile of unused cash sitting around waiting to be spent. It was new money that came from bond sales, which added to the national debt. Now, the White House is thinking about using some of that money to pay down the debt -- that it created!
Or, here's another analogy: using one credit card to pay off another. FULL STORY
