Gen X at 40

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portland -

can anybody name three conservative governments (small c) of relatively modern times whose legacy is not out of control deficit spending and debt? anybody? anybody? fucking conservatives.

gorthos -

Now thats bizarre politickin

Flea -

In answer to Portland's question: Margaret Thatcher probably qualifies as a conservative (small and big c variety). Her most consistent complaint directed toward the Reagan administration was its massive increase in the money supply and deficit spending. But as the difference in outcomes between Thatcher's monetarism and Reagan's Keynesianism should be obvious I am not convinced out of control deficit spending is always a bad idea. The trick is to do so in such a way that kick-starts the economy rather than gumming it up with stuff that has to be paid for later.

All of this said, I quite agree it is bizarre conservative governments/parties should have retained their reputation for fiscal rectitude. It is not deserved.

Alan -

I think Margaret used the North Sea oil as a means to claim fiscal prudence in the way that Alberta does. I think the better question is this:<blockquote class="smalltext"><i>Can anybody name one conservative governments (small c) of relatively modern times which does not have access to an embarrassment of natural resources whose legacy is not out of control deficit spending and debt?</i>

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