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Sigh. I’m a fiscal conservative. My bar for ‘prove it out’ is a lot higher than the liberal or Jesus conservative bar for ‘prove it out’. My bar includes reti
by bilbo0s 2y ago
Sigh.
I’m a fiscal conservative.
My bar for ‘prove it out’ is a lot higher than the liberal or Jesus conservative bar for ‘prove it out’. My bar includes retiring the debt. Which has not happened. And if history is any indication, it’s not likely to happen either.
But again, I’ll go ahead and wish them luck on paying that back. If they can do that, good on them. Pretty sure it won’t happen though.
- throwaway2037 2y agoWhen you say "fiscal conservative", what would you say that you favour more: (a) balanced budgets or (b) budget surplus? My point: When you look across the Pond (the Atlantic) to continental Europe, "fiscal centrists" (not really a term), they are mostly aiming for balanced budgets or a very small budget surplus (that can be spent in bad years). And, fiscal conservatives are regularly aiming for large (2-3% per year) budget surpluses to pay down any and all debt. (Their dream is "schwarze Null" -- zero debt.)