Conservatives believe in fiscal discipline, in balanced budgets, reducing debt by reducing spending, and limited government. The Federal government, as well as the states and local governments, must take responsibility in preventing the fiscal cliff.
Click here to view the current debt to GDP by nation or state. At the time of this post – late 2012 – Utah, formerly named the best-managed state in the nation fell to 4th place by the end of 2012 because of growing debt, which is now nearly $20 billion.
Even best-managed Utah is spending about $3 billion more a year than it takes in, and every citizen is in debt nearly $7,000 – and that’s only on the state level.