Deficit Hawk

DEFINITION of 'Deficit Hawk'

Slang for someone who wants the government to keep the federal budget under control. Deficit hawks espouse some combination of increased taxes and decreased government spending to reduce the deficit. They believe that unsustainable federal deficits could lead to signficant long-term challenges for the economy and future generations.

BREAKING DOWN 'Deficit Hawk'

Within U.S. politics, several republican senators have been noted deficit hawks, such as Bob Dole from Kansas and George Voinovich of Ohio. However, the Concord Coalition is a nonpartisan group made up of deficit hawks from both parties.

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RELATED FAQS
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    Discover the countries with the largest budget deficits and what it means. Deficits are influenced by the economy and also ... Read Answer >>
  2. What is the difference between a current account deficit and a trade deficit?

    Learn the meanings of the macroeconomic terms current account deficit and trade deficit, and understand the differences between ... Read Answer >>
  3. Should investors worry about the budget deficit?

    Understand the difference between government deficits and government debt, and learn why these figures can be significant ... Read Answer >>
  4. At what level is the current account deficit considered excessive, in terms of percent?

    Take a deeper look at the variables that impact current account deficits, and learn why not all types of deficits have equal ... Read Answer >>
  5. Is there any limit on fiscal deficits at the federal level?

    Discover the legal, theoretical, practical and political limitations imposed on the fiscal deficits accumulated by the U.S. ... Read Answer >>
  6. What happens to the US dollar during a trade deficit?

    Learn what happens to the U.S. dollar during trade deficits. Trade deficits happen when imports exceed exports leading foreigners ... Read Answer >>
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