The actions (spending or borrowing) do have the same impact on the deficit. Spend $100 more, be $100 more in debt. Earn $100 less while spending the same amount, be $100 more in debt. They may, however, have different impacts on the economy which you note.
One could use the same argument to favor more government spending- "as long as it leads to more economic growth than expected".Growing the deficit through smart tax policy is perfectly consistent with fiscal conservatism if it creates more growth than you otherwise would have had.
Just so we are clearer on terms, what would you consider "fiscally conservative"? Is it "fiscally conservative" to pay your bills rather than borrowing money? Or is it just "lower taxes"? Or just "smaller government"?
You seem to be arguing that debt does not matter.
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