teelio
  • teelio
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Saturday, January 9, 2010 7:17:00 AM
I've always considered myself a fiscal conservative. To me, that means I don't believe you should spend it if you don't have it in the bank, with rare exceptions, such as certain investments--a reasonable mortgage, for example, which will conservatively pay off in the long run. I live within my means.

These, of course, are personal manifestations of how I believe public policy should be.

But these days, some people loosely use the term "fiscal conservative" to describe policies with which I disagree, e.g., tax breaks for corporations to ship jobs overseas, removal of regulatory safeguards, etc. It seems like now the term "fiscal conservative" means any policy used to hoodwink the middle class out of their hard-earned money. What used to be called a scam is now "an innovative set of new financial products."

So I'm curious. Are you a fiscal conservative? And if so, what does that mean to you in terms of policy--what specific policies define your personal concept of "fiscal conservatism?"

Discuss.

HockeyDad
Saturday, January 9, 2010 7:29:00 AM
When you say "tax breaks for corporations to ship jobs overseas" and "policy used to hoodwink the middle class out of their hard-earned money", you make it sound kinda dirty.
HockeyDad
Saturday, January 9, 2010 7:29:00 AM
A true fiscal conservative would live within his means or even slightly beneath.

That is un-American behavior.

teelio
  • teelio
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Saturday, January 9, 2010 7:34:00 AM
"Behaviour."
HockeyDad
Saturday, January 9, 2010 7:34:00 AM
Don't go all English-**** on me.
teelio
  • teelio
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Saturday, January 9, 2010 7:38:00 AM
"Comportement?" Est-ce que c'est meilleur ?
big chief
Saturday, January 9, 2010 7:45:00 AM
we had no bankruptcy of any kind when everything was simple: Ponies, wampum, blankets, and beads
HockeyDad
Saturday, January 9, 2010 7:48:00 AM
...But your blankets were inferior so we improved them with European technology.
borndead1
Saturday, January 9, 2010 7:50:00 AM
Limited social programs

No need for military presence in over 100 countries

No foreign aid in the form of money or weapons

Flat tax of some kind (ideally a flat sales tax)

No bailouts

End lifetime benefits for former public servants

...are some of my "fiscal conservative" views

MARKQ
Saturday, January 9, 2010 8:08:00 AM
I agree with your defination of fiscal conservatism. I also agree that there are very few fiscal conservatives in todays polital structure. The few that are there don't stand a chance.
Homebrew
Saturday, January 9, 2010 8:14:00 AM
RE#1,

Yep, the republican party has redefined fiscal conservatism, to include "tax breaks for corporations to ship jobs overseas, removal of regulatory safeguards, etc. It seems like now the term "fiscal conservative" means any policy used to hoodwink the middle class out of their hard-earned money"

And believe it or not, many people agree with this definition. Only those of above average intelligence can see the scam.

The lower taxes, along with the deficit spending we have seen in the last decade, have painted us into a corner. Unfortunately the Republicans would have us to believe, that the debt is a new problem they they had no part in. LOL

That is why I left the Republican party. They were fical conservatives, until they got to say where the borrowed dollars were spent. So now that we see that they can't be trusted to rein in government, and end deficit spending, it is up to fiscal conservatives to either,

1. Change the republican party, from within.

Which I believe will never happen, and the time it would take, if it ever did, would be too late, as we would be speaking Chinese when the forclosed on the government debt.

2. Create a new party. Which is a great idea, but again the time constraints would make this approach too little too late.

3. Pick one of the other parties, and jump in with both feet. I chose this approach, and am now a registered Libertarian.

Dave (A.K.A. Homebrew)

chemyst
Saturday, January 9, 2010 8:31:00 AM
One of my financial peeves is bank fees.

Banks promote things like ATM cards, without

charge. Then after people start using them

regularly, the banks make them a "profit center"

by charging fees to use them. I was originally

'begged' by banks to start using an ATM card,

because the bank could eliminate paperwork, use

fewer tellers which reduced overhead, and the

ATM was open 24/7. Within 5 years, I had to hop

from bank to bank to 'chase' a fee free ATM card.

Now it's only fee free within my bank's network,

and a few other select POS's. When I travel I

almost always have to pay a fee.

Banks NEVER FAIL to convert today's 'free service'

into tomorrow's revenue producer.

I'm very leery of new bank 'services', based on my

experience with ATM cards. I DO NOT use 'free'

online banking, for this reason and a couple other

reasons.

Chemyst

8trackdisco
Saturday, January 9, 2010 10:33:00 AM
teelio,

Your definition and mine are the same.

My favorite was when my wife and I were buying a house, and they rolled two things out.

1-'Sure you can buy the house you chose, but based on our numbers, you can afford to get a MUCH nicer home. Don't you think you deserve it for yourself.'

Answer: No, I don't 'deserve' it.

2- 'Fixed rate mortgages are fine, but you should really consider an adjustable rate instead. You'd start @ x% and it could always go down from there. You aren't locked in'.

Answer: And it could go up, and maybe even to the point of not being able to make a payment.

I am a fiscal conservative.

plinytheelder
Saturday, January 9, 2010 2:44:00 PM
I have no credit card debt.

No car debt either.

I live within my means.

chemyst
Saturday, January 9, 2010 4:03:00 PM
^ ditto

Chemyst

jpotts
Saturday, January 9, 2010 4:36:00 PM
1. Author: teelio Date: 01/09/2010 12:17 PM Reply

I’ve always considered myself a fiscal conservative. To me, that means I don’t believe you should spend it if you don’t have it in the bank, with rare exceptions, such as certain investments--a reasonable mortgage, for example, which will conservatively pay off in the long run. I live within my means.

These, of course, are personal manifestations of how I believe public policy should be.

But these days, some people loosely use the term "fiscal conservative" to describe policies with which I disagree, e.g., tax breaks for corporations to ship jobs overseas, removal of regulatory safeguards, etc. It seems like now the term "fiscal conservative" means any policy used to hoodwink the middle class out of their hard-earned money. What used to be called a scam is now "an innovative set of new financial products."

So I’m curious. Are you a fiscal conservative? And if so, what does that mean to you in terms of policy--what specific policies define your personal concept of "fiscal conservatism?"

Discuss.

---------------------------------------------------------------------------------------

This actually annoys the crap out of me.

Tax breaks for corporations has nothing to do with fiscal conservatism. In fact, the fact that corporations pay taxes, and people take offense that they get tax cuts should be an affront to people who believe in a free society.

Unless you want to go back to subsistence living, my suggestion is that you focus less on "evil, greedy corporations," and the fears of "deregulation," and more on curtailing government.

It has been regulations on cars - CAFE, Emissions, safety - that have just about destroyed the auto industry in this country. It isn't Just GM and Ford that are having problems, companies like BMW, Toyota, and Honda are having problems selling cars today. it is because of massive amounts of regulations that the average cost of an automobile has accelerated at a pace greater then inflation.

Corporations these days are cozying up to government merely for survival. If they can control legislation before it gets passed, they can mitigate some of the damage that the legislation inflicts. Pure and simple. If you want to minimize corporation "intrusion" into government, get the government off the back of industry.

Furthermore, a lot of socialists hide behind the label of "fiscal conservative" because it gives them an excuse to implement all of these nanny-state social policies while justifying the confiscation of 90% of your income to pay form them. Thus "we" start living within "our" means. The proverbial "we" meaning "society," which includes not only productive people, but leeches and miscreants who think the the rest of us owe them a living.

Corporations produce products, hire people, and act as engines for wealth creation. While individuals are actually wealth-creators, it is businesses that serve as a conduit for a better life. Government produces nothing. And, as we've seen - aside from maintaining a top-rate military - the federal government can't police the borders, remove illegal aliens, stop terrorists from blowing up planes, or even move quickly in the event of a natural disaster. Hell, they even suck at delivering the mail.

And if you don't believe me that a bunch of socialists hide behind the "fiscal conservative" moniker, one only need to mention the names Arlen Specter, Arnold Schwarzenegger. Both of them proudly proclaimed themselves as "fiscally conservative (and socially liberal)" and both ended up being just another spent-like-no-tomorrow liberal. The same can be said of any of those Blue Dog Democrats that lined up and voted for the present health care reform legislation.

Corporations aren't the problem. Unrestrained government is.

FuzzNJ
Saturday, January 9, 2010 4:39:00 PM
16: Watch some football, have a cigar and pour a drink you corporate whore.
jpotts
Saturday, January 9, 2010 4:42:00 PM
Oh yeah, and as far as jobs being shipped overseas - that's no corporate panacea either. All of these nations that are not servicing the needs of US corporations are rife with corruption, and provide a far less sophisticated work force.

But those jobs get shipped overseas because of the costs incurred by hiring American workers, including payroll taxes, corporate taxes, unemployment compensation mandates, and federally-mandated workforce rules.

I always shake my head at the people who point at corporations as if they have a personality, and look to the government as if they have the best interests of the citizenry in mind.

There was a reason why the Founding Fathers were explicit in their revulsion of government. People are quick to forget that.

jpotts
Saturday, January 9, 2010 4:42:00 PM
17. Author: FuzzNJ Date: 01/09/2010 09:39 PM Reply

16: Watch some football, have a cigar and pour a drink you corporate whore.

----------------------------------------------------------------------------------

Already did.

teelio
  • teelio
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Sunday, January 10, 2010 2:55:00 PM
#16

"This actually annoys the crap out of me."

I'll alert the media. You seem like such a happy lad usually.

"Tax breaks for corporations has nothing to do with fiscal conservatism. In fact, the fact that corporations pay taxes, and people take offense that they get tax cuts should be an affront to people who believe in a free society."

Sorry, I'm not clear as to your meaning here; are you saying that all corporate taxes and regulations are bad? And by extension, NAFTA, for example, has been a net win for most Americans and our national best interests? These are the kinds of things I was hoping to see discussed reasonably. Have free trade policies, financial market deregulation, and an economy based on manipulating monetary policy in lieu of having a manufacturing infrastructure --views now espoused in the name of fiscal conservatism-- been good for us? Do these policies define your concept of fiscal conservatism, or do you, like me (as outlined in my OP), find these policies an unwelcome diversion from your own concept of fiscal conservatism?

"Unless you want to go back to subsistence living, my suggestion is that you focus less on "evil, greedy corporations," and the fears of "deregulation," and more on curtailing government."

You are trying to reframe the question by falsifying my opinion. I never said corporations are evil or greedy. I work for corporations, have done quite well by and for them, and have my retirement funds invested in them. Businesses are the engine of the economy. And I also believe that to maintain and increase quality of life, our institutions, including (but not limited to) both government AND corporations, need periodic tweaking by common sense rules. I don't know how anyone could argue that point, and if so, I'd love to hear it, but it is not to the point of my OP.

Also, It's not clear what your point is in the sentence above. Are you claiming, as proof of some sort of inherent moral superiority of corporations over government, that government will send us "back to subsistence living?" Substantiate and clarify please.

"It has been regulations on cars - CAFE, Emissions, safety - that have just about destroyed the auto industry in this country."

This statement accepts as a given that which has not been proven. Government regulations alone have destroyed the US auto industry? Regulations requiring cars be collision-worthy, reasonable with fuel economy, and restricting the amount of petroleum byproducts we breathe? Bad management decisions had nothing to do with it? Please substantiate. Or better yet, answer the question.

"Corporations these days are cozying up to government merely for survival. If they can control legislation before it gets passed, they can mitigate some of the damage that the legislation inflicts. Pure and simple. If you want to minimize corporation "intrusion" into government, get the government off the back of industry."

"I always shake my head at the people who... look to the government as if they have the best interests of the citizenry in mind."

It looks to me that you look to corporations as if THEY have the best interests of the citizenry in mind. You distrust government, but trust corporations? I think most of us have a healthy suspicion of both. And are you advocating that corporations should be excluded from following any rules at all? If so, please clarify; that's why I opened this thread.

Everything in life has rules. Football, traffic, accounting--everything. Without a framework within which to function, society collapses into anarchy-- a free society, but at the cost of stability, productivity, and safety. Without speed limits, for example, anyone can drive 180 mph through a school zone all day every day, and will eventually kill someone. Are our rights being limited by being required to slow down? Absolutely. And we do so to prevent harming ourselves and others, for both moral and fiscal reasons. It's only common sense, and does not offend most Americans' love of a free society.

"Government produces nothing."

It isn't supposed to. That's like criticizing a credit union for not being profitable--CUs are meant to provide, via pooling of resources and removal of the profit motive, improved and lower cost services for its members. Government is intended to do the same. We pay taxes so that we can have public roads, for example. Private industry could do that for us, but would it be cheaper, more efficient, better? Maybe, but it might mean paying $5 tolls every couple of miles for every road in the country, including the street on which you live. Do we want that? It's a worthy topic of discussion. But to claim that government is bad because it doesn't fulfill a role, for which it is not intended, is sophistry, and therefore subverts the credibility of your claim.

"And, as we’ve seen - aside from maintaining a top-rate military - the federal government can’t police the borders, remove illegal aliens, stop terrorists from blowing up planes, or even move quickly in the event of a natural disaster. Hell, they even suck at delivering the mail."

Actually, the government does a hell of a lot of things much better than the private sector, including delivering the mail. None of the USPS's competitors even come close to handling the volume of the USPS, even at many times the cost--and that includes the USPS's budget overages. Is the USPS perfect? Is UPS? Personally, I like having meat inspectors, national parks, highways, and food labels. Sure, bureaucracy is tedious, inefficient, imperfect, at times corrupt, and in need of modification. Hence, my starting this thread.

The meme that all government is incompetent cannot be considered proof of itself; it is a circular argument. If your boss assigned you to write a plug-in for a certain software "X," but prohibited your access to and any & all knowledge of software X, you would not be able to do your job. But that doesn't define you as incompetent.

"Corporations aren’t the problem. Unrestrained government is."

Just as unrestrained government is problematic, so are unrestrained corporations. It is simply not reasonable to expect self-policing when profit is at stake. That should be obvious to any adult. But again, you're responding to an imaginary, anti-corporate claim, which I did not make, and do not support.

I asked where each of us feels the lines should be drawn; what policies we support, and which policies ascribed to fiscal conservatism we feel do and do not represent our own version of it.

Continue.