"Borrow and Spend" vs. "Tax and Spend" ('04)

I sent this letter to the LATimes in July 2004 (not published):

I sure wish someone would explain to me why supposedly conservative Republicans prefer "borrow and spend" over "tax and spend".

Even at today's low interest rates, this year's huge borrowing will cost us taxpayers far, far more over the long haul than paying now, via taxes. What's the fiscal sense in that? Oh, I forgot -- these legislators will be long out of office by then.