IMHO, liberals tend to be better educated and have a better sense of all the wonderful possibilities "the government" could provide to the needy to make life better for everyone. A separate class of "liberals" are the uneducated poor who have a well-developed sense of entitlement to government assistance.
Conservatives tend to be more pragmatic. Their first question is usually, "How are we going to pay for it?". Conservatives generally believe a person's lot in life is determined by their own actions, and are unwilling to pay to subsidize personal choices that do not reflect their own work-ethic.
I agree with you Peaches that people tend to become more "pragmatic" as they get older.
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