Monday, October 27, 2008

Fiscal Conservatism

Where has this idea come from? The suggestion that the GOP represents a fiscally conservative form of Government, and the flip side being that Democrats will willfully squander the National Wealth?

Or is fiscal conservatism simply a metaphor?

Nary a day passes when I don't hear some reference or other to the idea that the Republican Party is a Party of fiscal conservatism. A Party of small government, and a proponent of the free market.

So how did that work out?

We have a record national debt, budget deficit spiralling out of control, financial markets collapsing around the world predicated on the US economic mess, and long established businesses failing across the country.

Meanwhile, education is lagging behind ALL the other industrialised nations, 2 million people a year are being bankrupted by healthcare costs, and still aren't getting healthcare, our jails are overflowing and we still shoot 30 000 of our fellow citizens every year.

So the Democratic Party has held the reins for the last 8 years, right?

This morning Paulson implemented the first part of the give money to our friends economic rescue package, when he nationalised took an equity stake in nine major banks. But that's not Socialism, oh no!, it's fiscally conservative.

In the last 25 years there has only been one budget surplus, and there has only been one Democratic President. The fiscal conservatives Impeached him. Our side, when they finally won a little influence, refused to Impeach the current incumbent, presumably because they recognised his fiscally conservative instincts, and didn't wish to set America on a path to Socialism; which could even end up with the Government taking over the Banks - heaven forbid.

In the end, I have concluded that fiscal conservatism is a metaphor. What it really means is keeping the wealthy few, very wealthy; and making damned sure that the poor remain so, under-educated, in poor health and with the constant worry about losing their jobs/homes etc.

The American Dream of owning your own home fits nicely here .... we can fiscally conservatively make sure that at least one third of poor peoples income goes straight back to the rich via their mortgage payments. And just to be mean on the side, we will charge them more in interest than we charge rich people.

So can we quit with perpetuating the myth? The GOP represents greed and division. Nothing more, nothing less. Suggesting, either positively or by not challenging the suggestion, that the GOP represents fiscal conservatism, is to play to their greatest talking point. Hammering them on this exposes the biggest lie.

Crossposted with discussion

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