When governmental or private banking institutions try using questionable accounting tactics to financially rape the common man. See also: The Federal Reserve
"Man, my ass hurts from that chunk Bernanke took out of it. I can't even pay my rent OR bend over. This fiscal incest is hurting my bottom AND my bottom line."
by Duck of Truth November 25, 2008
1 more definition
fiscal incest: when the current generation screws the next generation(s) by spending money this generation doesn't have.
Damn, the government is into fiscal incest. They are sure spending the next few generations' money today.
by TooSick4U February 13, 2013