"Caution, not exuberance, should be our fiscal motto"
About this Quote
The rhetorical move is doing quiet work. "Fiscal motto" borrows the language of household prudence and civic creed at once, turning accounting into identity. A motto implies permanence, a rule you live by, not a policy you argue about. That’s a clever way to preempt debate: if your opponent favors spending, you don’t have to call them cruel or misguided; you can call them exuberant. Who wants to be the unserious one when the bill comes due?
Context matters. Chafee’s career bridged the postwar consensus and the Reagan-era appetite for tax cuts, and he often occupied the shrinking middle ground: skeptical of easy money, wary of ideological swagger. Read against the backdrop of rising deficits and anti-tax politics, the quote functions as a rebuke to boom-time bravado - the belief that growth will outrun arithmetic, that optimism is a plan.
It’s also a subtle claim about governance: government shouldn’t mirror the mood of the market. When prosperity tempts lawmakers into permanent promises, Chafee argues for restraint as a civic temperament. The subtext is clear: responsible leadership isn’t thrilling. It’s supposed to be boring.
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Chafee, John. (2026, January 16). Caution, not exuberance, should be our fiscal motto. FixQuotes. https://fixquotes.com/quotes/caution-not-exuberance-should-be-our-fiscal-motto-137003/
Chicago Style
Chafee, John. "Caution, not exuberance, should be our fiscal motto." FixQuotes. January 16, 2026. https://fixquotes.com/quotes/caution-not-exuberance-should-be-our-fiscal-motto-137003/.
MLA Style (9th ed.)
"Caution, not exuberance, should be our fiscal motto." FixQuotes, 16 Jan. 2026, https://fixquotes.com/quotes/caution-not-exuberance-should-be-our-fiscal-motto-137003/. Accessed 13 Feb. 2026.







