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'''Fiscal conservatism''' is a political and economic ideology regarding [[Fiscal policy|fiscal policy]] and [[Fiscal responsibility|fiscal responsibility]] advocating low taxes,

'''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.

reduced government spending and minimal government debt. [[Deregulation]], [[Free trade|free trade]], [[Privatization|privatization]], and [[Tax cuts|taxcuts]] are it’s defining qualities. Fiscal conservatism follows the same economic outlook as [[Classical Liberalism|classical liberalism]]

 

==Ideology==

==Ideology==

Fiscal conservatism may also support limited periods of higher taxes in order to lower the public debt.  It can include any or all levels of government, federal, state and local. Fiscal conservatism is typically justified in terms of economic '''efficiency''' (it assumes the private sector is more efficient than the public sector), and in moral terms with high spending, budget deficits, and high debt seen as indicators of '''corruption'''. In opposition to corruption fiscal conservatism develops classic themes of [[republicanism]] that emerged in the era of the [[American Revolution]].  Fiscal conservatism rejects the [[Keynesian]] policy of '''deficit spending'''.<ref>Critchlow, "The Political Control of the Economy: Deficit Spending as a Political Belief, 1932-1952," (1981)</ref>

Fiscal conservatism may also support limited periods of higher taxes in order to lower the public debt.  It can include any or all levels of government, federal, state and local. Fiscal conservatism is typically justified in terms of economic '''efficiency''' (it assumes the private sector is more efficient than the public sector), and in moral terms with high spending, budget deficits, and high debt seen as indicators of '''corruption'''. In opposition to corruption fiscal conservatism develops classic themes of [[republicanism]] that emerged in the era of the [[American Revolution]].  Fiscal conservatism rejects the [[Keynesian]] policy of '''deficit spending'''.<ref>Critchlow, "The Political Control of the Economy: Deficit Spending as a Political Belief, 1932-1952," (1981)</ref>