Republicans’ electoral victories this year are ushering in an era of fiscal conservatism. Whether the ideological mooring can withstand a multi-year, multi-billion dollar deficit remains to be seen.Read More »
Were you fiscally conservative or fiscally irresponsible? That’s the question I pose to any incumbent Arizona legislator now running for re-election (or other elected positions) on Nov. 4 who voted for the corporate and related tax-cut legislation in 2011 that is starting to burn a hole in the state’s budget.Read More »
Fiscally conservative Republicans won the argument when the governor agreed to forego borrowing and other budget gimmicks to help shore up the state’s sagging revenues, and the budget-slashing proposal was also a vindication for legislators who saw themselves as lone voices in the wilderness, warning for many years that politicians’ appetite for spending would one day come back to haunt them.
But a bigger, perhaps more critical fight looms.