Deficit Hawk - Explained
What is a Deficit Hawk?
Written by Jason Gordon
Updated at March 28th, 2023
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What is a Deficit Hawk?
Deficit hawk is a slang term that advocates a reduction in government spending.
Back to: ECONOMIC ANALYSIS & MONETARY POLICY
Why is Understanding a Deficit Hawk Important?
Deficit Hawk is often used in a political context to tell the government to limit the federal budget deficit or keep it under control. Deficit Hawks advocate either reduced spending, increased taxes, or both by the government to maintain a balanced federal budget.
Deficit Hawks tend to proactive in pointing out spending increases or tax revenue decreases that will result in an increase in the federal budget deficit. These individuals watch closely proposed legislation and budget proposals that will have the effect. These individuals often rely on estimates of tax revenue and expenditures prepared by the Congressional Budget Office.
Related Topics
- What is Government Spending?
- Autonomous Spending
- Autonomous Consumption
- Fiscal Policy
- Expansionary Fiscal Policy
- Contractionary Fiscal Policy
- Progressive vs Regressive Tax
- Marginal Tax Rates
- Proportional Tax
- Trickle Down Theory
- Discretionary Fiscal Policy
- Automatic Stabilizers
- Effects of Discretionary Policy (Interest Rates & Lags)
- Crowding Out Effect
- National Debt
- Government Borrowing
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- Ricardian Equivalence
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- National Debt
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- Austerity
- Twin Deficits
- Fiscal Policy and the Aggregate Supply and Demand Curve
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- Ricardo Barro Effect
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- Standardized Employment Budget
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- Crowding Out
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- Temporary and Permanent Fiscal Policy
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- Government Borrowing
- National Savings and Investment Identity
- Debtor Nation
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- Twin Deficits
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- How Fiscal Policy Can Affect Trade Imbalances
- Government Borrowing Affect Private Savings
- Ricardian Equivalence
- Fiscal Policy Affects Investment and Economic Growth
- Crowding Out of Physical Capital Investment?
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- Government Investment in Physical Capital
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- Economic Cycle or Business Cycle
- Business Cycle Indicator
- Peak and Trough
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