Fiscal Responsibility: What Does This Economic Term Truly Mean?

Many economic and political situations have been used in media disturbances. Fiscal services are one of them. Roncus points to the term fiscal responsibility as if it is something that is uniquely conservative or the most conservative political agenda to insist on on Capitol Hill, Washington D.C. in compliance with the fact Fox News reports positively in the name of fiscal responsibility as if it were something that should be done by everyone including the government. Even CBS, NBC and ABC broadcast the nightly news, they have a different perspective on this term. Popular channels use this word differently. One thing I noticed about this economic term was the consensus of the news media (Liberal, Independent and Conservative) in their coverage that fiscal responsibility is conservative in nature.

What does fiscal responsibility mean? The term fiscal responsibility is an economic term that has been used since the advent of financial systems. The news media is rightly conservative about this term, although the actual term is relatively modern. According to The Free Dictionary by Farlex, in the financial dictionary section, fiscal responsibility is defined as “A closed budget. Provisions in which expenditure incurred over a period of time is prepared for revenues.” This means that the income equals the expenditure. The fiscal office further includes having a budget where the revenue is greater than the expenses.

Expeditious fiscal responsibility is the thing to be brought about. Most US citizens exercise personal fiscal responsibility. There is nothing magical about the economy. Sound financial and financial use with one’s money results in fiscal responsibility. Liberals, Independents and Conservatives voluntarily exercise fiscal responsibility in each of their personal checks. Most people, no matter where they stand politically, balance their budget very well, have a budget they live within, and don’t overspend. No one incurs in paying bank fees for an overdraft; Most everything is possible so that you don’t have a negative checkbook balance. Everyone is aware of the dire consequences of using checking accounts. There are people who end up in prison because of bad writing checks; It is against the law and in some states it is a felony.

Many US citizens have been denied the purchase of a property or vehicle because of a credit report received from late payments or the creditor closing their account due to non-payment. Most Liberals, Independents and Conservatives pay their bills on time to reap the benefits of a good credit report. The majority of US citizens, regardless of state, choose to have a budget that is in excess of their income or matching their expenses. Budgeting is the priority of American voters.

A balanced financial budget reduces stress and anxiety. There is no more trillion dollars missing from the balanced budget. If the government has a moderate government, there is no national debt, and all public debts that are owed are paid off. The US government, if it exercised fiscal responsibility, would have the income to pay all its expenses so that its income would never exceed the revenues from its debts. The income of the federal government would equal or exceed the income from taxes and duties. money Nothing would be overlooked if the US government had a true balanced budget. There would be absolutely no need for the US government to borrow money from another country to accommodate the national economy if it exercised proper fiscal care. .

The fiscal function is the prudent and sound use of financial resources. There are websites that teach how to create a balanced budget such as Better Class Budgeting and Consumer Credit Consensus Service. I liked accountants (people with CPA) from different backgrounds. They agree on the need to implement fiscal responsibility. On the political spectrum, these accountants are not all Conservatives; some Liberals, others Liberals. Surprisingly, everyone agrees that the application of fiscal responsibility is the best for individuals and governments. There are no fiscal accidents with one’s budget when it is a balanced budget.

Alice Rose, personal experience, 1978 – present
Alicia Rose, personal studies, Economics and Political Science, 1978 – present
Alicia Rose, CNN personal insight, news broadcasts 2005 – present
Alicia Rose, personal inspection of Fox News Channel, news broadcasts 2005 – present
Alicia Rose, personal appearance on The O’Reilly Factor, Fox News Channel, December 31 – March 11, 2011
Alicia Rose, John King’s Personal Inspection, USA, March 2010 – March 11, 2011
Alice Rose, personal inspection of NBC Nightly News broadcasts, 1978 – present
Alicia Rose, personal view of ABC Nightly News broadcasts, 1980 – present
Alice Rose, personal inspection of CBS Nightly News broadcasts, 1980 – present
Budget Counseling, Consumer Credit Counseling Service website: http://www.cccs.net/
Successful homework… for those who hate budgeting, a 5 week course, Better Budgeting Class website: http://www.betterbudgeting.com/budgetingclass.htm
Federal bad check laws, article by Eliana Kalsky, eHow contributor, eHow.com website: http://www.ehow.com/about_5313337_federal-bad-check-laws.html
Responsibility, definition, financial dictionary section, The Free Dictionary by Farlex website: http://financial-dictionary.thefreedictionary.com/Fiscal+responsibility
Fiscal balance, Wikipedia website: http://en.wikipedia.org/wiki/Fiscal_responsibility
Custom examples for the term fiscal responsibility, Wordnik website: http://www.wordnik.com/words/fiscal%20responsibility
Fiscal, definition, Webster’s Dictionary, edited by John Gage Allee, Ph.D, Ottenheimer Publishers Inc., 1977, page 145
Responsibility, Responsible, definition, Webster’s Dictionary, edited by John Gage Allee, Ph.D, Ottenheimer Publishers Inc., 1977, page 315

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