a fiascal defines a moment of pure chaos and hysteria (not to be confused with 'fiasco': a thing that is a complete failure, especially in a ludicrous or humiliating way)
by bebe_bEtCh January 24, 2019
Get the fiascal mug.The use of Fiscal means to sabotage or undermine Government programs by cutting revenue through the means of Tax Cuts for the Wealthy. Doing so creates a deficit which to some political movements believe can only be fixed by cutting funding to Government Programs that don't approve of.
The use of Fiscal Sabotage can create a Strategic Deficit for those who don't approve of government programs that help the poor
The use of Fiscal Sabotage can create a Strategic Deficit for those who don't approve of government programs that help the poor
The House of Representatives used Fiscal Sabotage to create a deficit that they believe could only be filled by cutting Social Programs
by Libertatis May 3, 2011
Get the Fiscal Sabotage mug.Related Words
fiascal
• fiasca
• fiscal
• Fiscal Cliff
• Fiscal incest
• fiscally conservative
• fiscal solvency
• fascal
• Fascally
• fiascle
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
Get the fiscal year mug.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.