| − | '''Fiscal conservatism''' is a political position (primarily in the [[United States]]) that calls for lower levels of public spending, lower [[taxes]] and lower [[national debt|government debt]]. It is a variety of [[Conservative|conservatism]] concerned with [[economic]] rather than social issues. Fiscal conservatives oppose unnecessary government expenditures, [[deficit]]s, and government debt. They take the perspective of the present and future taxpayers, and worry about the possible burden on them. They support of [[balanced budget]]s. This should be contrasted with those who believe that lower taxation will stimulate industrial development, even though it causes higher deficits. | + | '''Fiscal conservatism''' is a political position (primarily in the [[United States]]) that calls for lower levels of public spending, lower [[taxes]] and lower [[national debt|government debt]]. It is a variety of [[Conservative|conservatism]] concerned with [[economic]] rather than social issues. Fiscal conservatives oppose unnecessary government expenditures, [[deficit]]s, and government debt. They take the perspective of the present and future taxpayers, and worry about the possible burden on them. They support [[balanced budget]]s. This should be contrasted with those who believe that lower taxation will stimulate industrial development, even though it causes higher deficits. |