My company Voice & Data Solutions, LLC has a fiscal year starting on January 1st however, it could start any day of the year.
by Kristina Coleman March 15, 2005
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by The Fish Monger January 30, 2010
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fisica • fishcat • Fisticated • fasica • fiscal • Fiscal Cliff • Fiscal incest • fiscally conservative • fiscal solvency • fishcamp
Fiscal responsibility is a term republicans pull out for campaign ads every election cycle. The G.O.P. claims to be fiscally responsible while claiming their Democratic opponents are not.
Obviously, the Republican Party has no idea what being "fiscally responsible" actually means! A budget should include adequete revenue (i.e. taxes) to cover all the obligations. Republicans think the only way to balance a budget is to cut taxes. Democrats, like Bill Clinton, know that cutting expenses AND increasing revenue is the only way to balance a budget. Democrats' tax and spend idea is a lot more logical than the Republicans' borrow and spend policy!
Remember that about 75% of our national debt was caused by the last 3 Republican presidents! (Reagan, Bush41 and Bush43) The last two times the national budget was balanced a Democrat was president!! (Lyndon Johnson 1969 and Bill Clinton 2000)
Obviously, the Republican Party has no idea what being "fiscally responsible" actually means! A budget should include adequete revenue (i.e. taxes) to cover all the obligations. Republicans think the only way to balance a budget is to cut taxes. Democrats, like Bill Clinton, know that cutting expenses AND increasing revenue is the only way to balance a budget. Democrats' tax and spend idea is a lot more logical than the Republicans' borrow and spend policy!
Remember that about 75% of our national debt was caused by the last 3 Republican presidents! (Reagan, Bush41 and Bush43) The last two times the national budget was balanced a Democrat was president!! (Lyndon Johnson 1969 and Bill Clinton 2000)
The tea party claims to be concerned about fiscal responsibility, however they didn't seem concerned about it when George W Bush was cutting taxes and running up huge debts while trying to fight two insane and inappropriate wars!
by Charles_U_Farley October 15, 2010
Get the fiscal responsibility mug.An opportunity for politicians to do what they do best: get on TV and scare the bejeezus out of people.
Boehner and Obama got some quality air time on TV while stocks crashed because they can't reach a deal on The Fiscal Cliff.
by Mr. R0ntastic November 10, 2012
Get the Fiscal Cliff mug.*noun*, efforts by the government to intentionally run a deficit in order to stimulate the economy during a recession. Loosely associated with Keynesian economics.
According to basic economic theory, recessions occur because there is a basic mismatch between aggregate demand and potential output. One approach for solving this is for the government to buy more goods and services than it has revenues to cover, thereby creating conditions in which effective demand is greater than the stock of goods currently in business inventory (given recessionary prices).
Under a stimulus, the jolt of extra money in circulation creates inflation, which has the effect of lowering real prices. Customers then respond to the {de facto} price reduction by buying more, which leads to more hiring, thence to more effective demand, thence to economic recovery.
Another reason fiscal policy stimulates the economy is that the private sector is not investing or consuming its own output. Increased taxes would simply reduce private consumption, so those cannot be increased; but spending is increased to fill the breach.
According to basic economic theory, recessions occur because there is a basic mismatch between aggregate demand and potential output. One approach for solving this is for the government to buy more goods and services than it has revenues to cover, thereby creating conditions in which effective demand is greater than the stock of goods currently in business inventory (given recessionary prices).
Under a stimulus, the jolt of extra money in circulation creates inflation, which has the effect of lowering real prices. Customers then respond to the {de facto} price reduction by buying more, which leads to more hiring, thence to more effective demand, thence to economic recovery.
Another reason fiscal policy stimulates the economy is that the private sector is not investing or consuming its own output. Increased taxes would simply reduce private consumption, so those cannot be increased; but spending is increased to fill the breach.
I think it is possible that fiscal policy will have even more 'oomph' in this situation," Christina Romer, who heads the Council of Economic Advisers, told an economics conference.
"When households and businesses are liquidity-constrained by reduced lending, any money put in their pockets is more likely to be spent," she said.
--Reuters, "White House's Romer: Stimulus may pack more punch" (3 March 2009)
"When households and businesses are liquidity-constrained by reduced lending, any money put in their pockets is more likely to be spent," she said.
--Reuters, "White House's Romer: Stimulus may pack more punch" (3 March 2009)
by Abu Yahya March 3, 2009
Get the fiscal policy mug.When a politician abruptly becomes conscious about government spending and the national debt, often occuring after their political party becomes the minority, and thus has less government influence to pass legislation.
Several Republican members of the House of Representatives became born-again fiscal conservatives when Barack Obama became President, after years of wasterful spending.
by fwc83 July 16, 2009
Get the Born-Again Fiscal Conservative mug.A Natural Resource found on the Pregnant Human Female, Used during
harsh economic times... to replace cow milk.
harsh economic times... to replace cow milk.
Yo.. We just ran out of cow juice..
Can i come over your house and express some milk from your old ladies fiscal tits?
Sure but ya gotta pay double she's runnin' low...
Can i come over your house and express some milk from your old ladies fiscal tits?
Sure but ya gotta pay double she's runnin' low...
by divewave December 31, 2012
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