Myth #5: "Liberal" and "Conservative" Have Some Sort Of Meaning
At this point in our political discourse, the terms "liberal" and "conservative" are meaningless labels that for historical reasons are applied to what they are applied to. They have no reliable relationship to their historical meanings, or the meanings used in other countries for the same terms.
"Liberal" and "conservative", in literal modern non-political usage, both refer to a resource allocation strategy; a "liberal" strategy allocates a lot of resources to something, while a "conservative" strategy tries to use as few resources as possible. While there is some correlation between these meanings economically, it is not one that will usefully help you to determine if a given policy is usually considered liberal or conservative. "Cutting the military budget" is a common liberal position, while a conservative might want to increase money for the space program.