Divided government is fiscally responsible? Lol you must be kidding. The markets are excited because in divided government, the dems have to be bribed with new spending in order to get our own agenda items considered.
It means there is about to be an orgy of federal spending.
The budget deficit spiked in 2008-10, then declined to its lowest point of the last decade around 2014 before rising again.
The correlation between a divided Federal government and low budget deficits isn't perfect, but it's close. The same is true of the correlation between a unified Federal government and high budget deficits. By my reckoning, the most fiscally irresponsible period of my lifetime for the U.S. government was from 2008 through 2011 -- and the U.S. had single-party control (first the GOP, then the Democrats) for almost the entire period.
Kind of like the current budget?
Can it get less responsible?