Fiscal Conservatism

FISCAL CONSERVATISM….Serious question: Arnold is reportedly socially liberal and fiscally conservative. I think that socially liberal is something we all understand, and I know that I used to understand what fiscally conservative meant too ? things like restraining spending, keeping inflation under control, and balancing the budget. But what does it mean today?

Does it just mean being in favor of cutting taxes come hell or high water? Or is there more to it?

Is this a term that we should just get rid of once and for all?

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