Fiscal conservative

Principles

Fiscal conservatism is the economic philosophy of prudence in government spending and debt. The principles of capitalism, limited government, and laissez-faire economics form its ideological foundation. Fiscal conservatives advocate the avoidance of deficit spending, the lowering of taxes, and the reduction of overall government spending and national debt whilst ensuring balanced budgets. In other words, fiscal conservatives are against the government expanding beyond its means through debt, but they will usually choose debt over tax increases. They strongly believe in libertarian principles such as individualism and free enterprise, and advocate deregulation, privatization, and free trade.