Moving Fed Bank money to highways doesn't fix problem

Frustrated voters sometimes denounce their representatives as “good for nothing,” but are they being fair? Consider the budget gimmicks some politicians come up with. When it comes to fiscal gymnastics, who can deny their creativity?

Case in point: a plan to fund the mismanaged Highway Trust Fund by tapping the dividends that the Federal Reserve pays member banks. Seriously, stick with me here, because this is a doozy.

Here we have federal highway spending, operating at a deficit. Duh, it’s run by politicians. Of course they’re spending more money than the fund takes in. And they’ve been doing...