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fiscal deficit 

the gap between revenues and expenditures for a government (over a given period of time); often referred to as an internal deficit or public deficit.
The public deficit accumulates over each time period (usually a year) into what is known as the public debt.

According to Keynesian and Neo-Keynesian economic theory, fiscal deficits are usually the most effective tool for stimulating economic activity; the actual choice of how the money is spent is less important.
In the USA, most states are not allowed to run fiscal deficits. In other federal republics, such as India and Argentina, they are allowed and frequently account for much of those countries' internal deficits.
fiscal deficit by Abu Yahya February 14, 2009

fiscal brinksmanship 

Noun. A game in which the first person to touch a bill, such as 2013 budget, loses and has to give up something they want to pay for it.

Can also be played with electrical bills, hookers, and bar tabs. It is legally binding.
Person A: Did you hear that that Boehner guy in the Republican party is still refusing to cooperate with President Obama even though it makes his entire party look worthless?

Person B: Don't worry, this is just fiscal brinksmanship. He'll agree to something at the last minute.

Person A: But what if he doesn't?

Person B: Then, I guess we're fucked.
fiscal brinksmanship by Easy Kompany December 29, 2012

Fiscal Cliffhanger 

When the Government plans a loophole to miss the deadline for the Fiscal Cliff just to gain two more days to make a decision, and still no decision is made.
"They've been talking about the Fiscal Cliff for days, I'm tied of hearing about it!"

"Yeah, no kiding, it's more like a Fiscal Cliffhanger."
Fiscal Cliffhanger by Judai Yuki January 1, 2013

Fiscal incest

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."
Fiscal incest by Duck of Truth December 15, 2008

fiscal incest

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.
fiscal incest by TooSick4U February 13, 2013

fiscal cliff 

The date after which (for reasons of deteriorating attractiveness) a young man or woman is unable to attract a wealthy spouse/partner/sugar daddy/sugar mama.
"Can't Lucas find rich a queen to pay his bills?" "No way. Have you seen what happened to his abs from all those appletinis? He's gone over the fiscal cliff."
fiscal cliff by RiddimJack January 3, 2013