America’s Exceptional Fiscal Conservatism
In most countries, to be “fiscally conservative” means to worry about the budget deficit and debt levels – and to push these issues to the top of the policy agenda. But, in the US, “fiscal conservatives” care more about cutting taxes, regardless of the effect on the budget deficit and total outstanding debt.
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WASHINGTON, DC – In most countries, to be “fiscally conservative” means to worry a great deal about the budget deficit and debt levels – and to push these issues to the top of the policy agenda. In many eurozone countries today, “fiscal conservatives” are a powerful group, insisting on the need to boost government revenue while bringing spending under control. In Great Britain, too, leading Conservatives have recently proved willing to raise taxes and attempted to limit future spending.