Fiscal conservatism is dead — on both sides of the pond

Source: Cato Institute
by Ryan Bourne

The launches of the Conservative manifesto and Donald Trump’s first budget could not have been more different in tone. Theresa May’s offering was cautious, with minor tweaks to policy to reflect concerns about intergenerational fairness. The Donald, on the other hand, is promising a revolution, slashing a host of government programmes to protect old-age entitlements and expand the military, while also cutting taxes. But one trend unites both the Republican President and the Tory leader: conservatives on both sides of the Atlantic seem much less concerned with budget deficits than they were seven years ago.” [editor’s note: Seven years ago? The last time American conservatives even PRETENDED to want to balance the federal budget was in the 1990s. And yes, they were just pretending even then – TLK] (05/29/17)