Fiscal Conservatism is Dead
Fiscal conservatism is not only a dying idea, but has been a dead discipline for longer than we’d like to admit. The Republican Party of today has largely abandoned actions of budgetary constraint, though a thin hold remains on the pat-yourself-on-the-back notion of it. Essentially, the gap between practice (i.e. what is done) and theory (i.e. what is believed) has widened considerably.