Nah. It's a really shallow analysis to call his statement "pro-taxation and pro-defense spending", and far more of an inaccurate generalization than how the quote's usually used. Franklin was writing to answer the problem of the governor being bribed by the Penns to provide security and veto the taxation, rather than the state using its legitimate authority to tax the Penn's lands and provide that security. The alternative was undermining the integrity of the democratic state, not "refusing to fund it".

Interestingly enough, the context is being used here to invert the meaning of Franklin's beliefs, rather than clarify them.