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>What do you mean by 'fiscally conservative'? You want the Government to lower taxes and lower benefits and such, is that right? To me it means balancing the b
by Clubber 9y ago
>What do you mean by 'fiscally conservative'? You want the Government to lower taxes and lower benefits and such, is that right?
To me it means balancing the budget and actually working off debt. Right now, that means higher taxes. Being responsible with the treasury rather than borrowing with no intent to pay it back. Spending responsibly and ensuring the spending is not wasteful or kickbacks to political cronies, etc.
- MarkMc 9y agoWhy is paying off debt so important when long-term interest rates are so low? For example, the yield on 30-year Treasury Inflation Protected Securities is currently 0.92%. If the government sold these bonds to invest in long-term infrastructure projects, wouldn't that boost the economy enough to outweigh the increase in debt? https://www.bloomberg.com/markets/rates-bonds/government-bonds/us https://www.bloomberg.com/markets/rates-bonds/government-bon...
- benjohnson 9y agoGovernment debt is a burden on the next generation - in that light, some consider it immoral.
- brianwawok 9y agoCool, so let's pull out of all wars and use that money to repay the debt. Win/win, right?
- Clubber 9y agoI'm fine with that and not policing the world. Money wasted.
- MarkMc 9y agoIs it necessarily a burden to have debt if it is coupled with infrastructure assets? Don't you need to quantify the debt relative to the assets in order to say whether it's a burden or benefit?