a place filler for any word, dirty or clean

1. Of or relating to government expenditures, revenues, and debt: a fiscal policy of incurring budget deficits to stimulate a weak economy.
2. Of or relating to finance or finances.

an enormous penis

The use of Fiscal means to sabotage or undermine Government programs by cutting revenue through the means of Tax Cuts for the Wealthy. Doing so creates a deficit which to some political movements believe can only be fixed by cutting funding to Government Programs that don't approve of.

The use of Fiscal Sabotage can create a Strategic Deficit for those who don't approve of government programs that help the poor

A financial/accounting period of 365 days (366 leap Years)

Fiscal responsibility is a term republicans pull out for campaign ads every election cycle. The G.O.P. claims to be fiscally responsible while claiming their Democratic opponents are not.

Obviously, the Republican Party has no idea what being "fiscally responsible" actually means! A budget should include adequete revenue (i.e. taxes) to cover all the obligations. Republicans think the only way to balance a budget is to cut taxes. Democrats, like Bill Clinton, know that cutting expenses AND increasing revenue is the only way to balance a budget. Democrats' tax and spend idea is a lot more logical than the Republicans' borrow and spend policy!
Remember that about 75% of our national debt was caused by the last 3 Republican presidents! (Reagan, Bush41 and Bush43) The last two times the national budget was balanced a Democrat was president!! (Lyndon Johnson 1969 and Bill Clinton 2000)

An opportunity for politicians to do what they do best: get on TV and scare the bejeezus out of people.

*noun*, efforts by the government to intentionally run a deficit in order to stimulate the economy during a recession. Loosely associated with Keynesian economics.

According to basic economic theory, recessions occur because there is a basic mismatch between aggregate demand and potential output. One approach for solving this is for the government to buy more goods and services than it has revenues to cover, thereby creating conditions in which effective demand is greater than the stock of goods currently in business inventory (given recessionary prices).

Under a stimulus, the jolt of extra money in circulation creates inflation, which has the effect of lowering real prices. Customers then respond to the {de facto} price reduction by buying more, which leads to more hiring, thence to more effective demand, thence to economic recovery.

Another reason fiscal policy stimulates the economy is that the private sector is not investing or consuming its own output. Increased taxes would simply reduce private consumption, so those cannot be increased; but spending is increased to fill the breach.

A Natural Resource found on the Pregnant Human Female, Used during
harsh economic times... to replace cow milk.