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Fiscal Conservative-In Name Only

Beach Fanatic
1,550 views1
Yesterday's column
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My friend Lane Rees lost his job as Walton County commissioner because, believe or not, he was not sufficiently Republican, merely a Republican In Name Only (RINO).

It is difficult for me to imagine Lane being insufficiently Republican. There is a new creature stirring around ? a fiscal conservative ... in name only (FCINO), or ?finko.? If you talk the fiscally conservative talk but don?t walk the walk, you might be a finko. I?m not sure if it is part of a Floridian?s DNA or if there is something in the water, but we Floridians have historically, habitually and quite brazenly petitioned the federal government for money. Within a few months of Florida?s statehood, one of our senators cajoled the federal government for an Everglades drainage earmark. That?s how Floridians roll. We aim high, but relying on government pork-barrel projects is not fiscally conservative.

You can find a couple of finkos at the Bay County Chamber of Commerce, where they are lobbying to keep the F-22 Raptor program at Tyndall. However, the F-22 has not flown a single sortie in the skies of Afghanistan or Iraq. Furthermore, the Air Force has no plans to use the plane in either theater. According to the conservative (not in name only) Cato Institute, ?politics, not need? (i.e. pork) is why we have a plane we don?t use.

Contrary to rhetoric, being a fiscal conservative doesn?t mean you never, ever raise taxes. For instance, when Social Security was facing a financial crisis during Ronald Reagan?s first term, the conservative icon hiked Social Security taxes. Being a fiscal conservative means being prudent fiscally, but finkos can?t go there. Both Bill Clinton and George H.W. Bush took politically unpopular stances primarily by raising taxes but coupled their tax increases with strict spending controls and reductions in the growth of entitlements. Democrats like to claim the budget surplus was Bill Clinton?s legacy, but Bush 41?s policies were instrumental also. Unfortunately, when these spending controls expired in 2002, first-generation finkos took control, and the budget surplus disappeared.

A finko harps on government deficits (or Walton County spending) but regularly carries a credit card balance. Financing your lifestyle on your credit card is popular, but you cannot expect the government to live within its means if you don?t do likewise. President Obama?s budget is running huge deficits and must be reduced. Structural federal budget deficits are a critical problem, but if you don?t want to be a finko, then get your own house in order. Look at it this way: 30-year Treasury debt is being sold around 5 percent while credit cards levy interest up to six times as high. It is estimated that 40 percent of Americans regularly carry credit card balances. That is not fiscally prudent. Just because you are liberal doesn?t mean that you can?t be a fiscal conservative. Recently I crossed paths with my old friend Christian at the Seaside Farmer?s Market. We hadn?t talked in years. He told me that he had paid off his debts and was saving money. He voted for Obama, but he is a fiscal conservative.

It doesn?t matter how you vote; true fiscal conservatives spend less than they earn. If you are not saving sufficiently for your retirement, you could be a finko. For way too long, we have been fed pabulum and patted on the head by politicians. The fiscal problems facing Americans are neither conservative nor liberal; they are American. We need fiscal prudence, and it needs to begin at home.

Buz Livingston is a certified financial planner. He operates Livingston Financial Planning Inc. focusing on hourly financial planning and investment management. Contact him directly at 850-267-1068 or at buz@LivingstonFinancial.net  .



BUZ LIVINGSTON
Just Plain Talk

Replies

38
Beach Fanatic
#27
If this were an examination you could get partial credit, whether we like it or not, there is NO way to get our fiscal house in order without dealing with the growth of entitlements and without increasing taxes.

Any politician that tells you something else is peeing on your leg and telling you that it is raining.

I am on the first fifty pages of "Choosing our Nation's Fiscal Future" a fantastic analysis and warning of our financial dilemma.

Download it for free at www.nap.org, I bought my copy from Amazon.
I like being able to highlight the good points...and there are a lot of them.

Buz - I clicked on your link but it is the Nebraska Aids Project. I'll go to Amazon - thanks for the recommendation.
30ashopper avatar
SoWal Insider
#28
When did extra marital affairs become illegal? The answer is only when asked about them. I realize many christians would like to make all ten of the commandments law but it ain't gonna happen. Henry Hyde was screwing the wife of one his constituents but explained it away during the Clinton impeachment as a "youthful indiscretion". Newt Gingrich is another cheater in a class all by himself. Only angry old white Republicans would try to make a man feel guilty about a BJ.

The fourth rail of American politics, Bill Clinton's indiscretions with his 25 year old intern. :lol: Democrats will defend him to their last breath, everyone else thinks he's a lyin', cheatin', dirty old man.
Banned
#29
The fourth rail of American politics, Bill Clinton's indiscretions with his 25 year old intern. :lol: Democrats will defend him to their last breath, everyone else thinks he's a lyin', cheatin', dirty old man.

And Republicans will continue with their long history of hipocrisy when it comes to morals. ;-)
Bob avatar
SoWal Insider
#30
Someone who wants to toally cut out spending and taxes is an idiot, not a fiscal conservative. Fiscal conservatives want to define the functions of government in a logical fashion and fund those objectives as fairly as possible. They also believe that those decisions are best made as close to the people as possible. The local government cannot decide national security issues ( see valp mayor) but the federal government cannot decide what is the best education for our children.
as in ending segregation?
Bob avatar
SoWal Insider
#31
I'm also pretty sure I'd vote against someone who cheated on their spouse. If a politician is amicably divorced due to incompatibility however, it's a non-issue. The whole "family values" thing.. if someone has been married, raised good kids, and stayed faithful, well that's certainly a plus in their favor.
want to back up on that assertion regarding john mccain, cato?
30ashopper avatar
SoWal Insider
#32
And Republicans will continue with their long history of hipocrisy when it comes to morals. ;-)

I don't know how accurate that accusation is, but I agree the perception is there. That's probably one of the reasons why this current election cycle seems to be anti-incumbent vs. anti-party.
Beach FanaticAuthor
#33
Buz - I clicked on your link but it is the Nebraska Aids Project. I'll go to Amazon - thanks for the recommendation.

www.nap.edu

I caught the typo but didn't correct my notes.
30ashopper avatar
SoWal Insider
#34
Only a third of U.S. voters think that most members of Congress deserve to be re-elected this year, according to a new national poll. That's the lowest number ever recorded for that question in a CNN survey.

The CNN/Opinion Research Corp. poll, released Tuesday, indicates that only 34 percent feel that current federal lawmakers deserve re-election, with 63 percent saying no.

According to the survey, 51 percent feel their member of Congress should be re-elected - also an all-time low in CNN polling - while 44 percent say their representative doesn't deserve to be returned to office in November.

The numbers on both questions are even lower than in 1994, when an anti-incumbent fever helped Republicans win back control of both the House and the Senate from Democrats. The trend line on those questions goes back to 1991, when they were first asked.

"This is not a good year to be an incumbent, regardless of which party you belong to," said CNN Polling Director Keating Holland. "Voters seem equally angry at both Republicans and Democrats this year."

http://politicalticker.blogs.cnn.co...umbent-fever-at-record-high/?fbid=Eb7orlgTWK1

More "change" appears to be on the horizon. People are really p*ssed off. :biggrin:
rapunzel avatar
Beach Fanatic
#35
I cannot see how a single payer healthcare system can ever be fiscally responsible. See social security and medicare for examples.

I agree, but I also think a completely deregulated health insurance industry led to our current crisis in healthcare. The push and pull of commerce and the public interest is the means by which the best public policies are produced historically. As long as industry lobbyists (who earn their keep by bringing ever increasing amounts of government money to their clients and promoting legislation that gives their corporate clients an unfair business advantage) continue to dominate Washington, we will never have a fiscally responsible government.

Interesting to learn that Lane Rees was tarred and feathered by the local Republicans for being a RINO. I always thought it was because he was from South Walton.
scooterbug44 avatar
SoWal Expert
#36
It wasn't geography as much as people w/ big bucks wanting someone they could buy off.

Whole thing was completely disgraceful good ol' boy tactics and lies. :angry:
Teresa avatar
SoWal Guide
#38
It wasn't geography as much as people w/ big bucks wanting someone they could buy off.

Whole thing was completely disgraceful good ol' boy tactics and lies. :angry:

absolutely true story.

Having Lane on the Board of CC was great because he truly represented the people and he went a long way in helping bring Walton County govt structure and staffing up to par. Up until Lane was on the Board, I was in disbelief regarding our county government. He brought a level of professionalism to the county that was much needed. I could care less which political party he claimed - it really made no difference whatsoever.

Edited

Banned
#39
I don't know how accurate that accusation is, but I agree the perception is there. That's probably one of the reasons why this current election cycle seems to be anti-incumbent vs. anti-party.

This is why it's accurate. You say everyone except Dems thinks Clinton is a "lyin', cheatin', dirty old man" (your words) yet for POTUS in 1996 the Repubs ran Bob Dole and in 2008 they ran John McCain. How are either one these guys any better when it comes to"lyin and cheatin"? Remember also in the last Republican primary the only candidate who hadn't had mulitple wives was the Mormon!:blink:

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