Difference between revisions of "Fiscal conservatism"
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Above all, fiscal conservatives are "[[Libertarian|economic libertarian]]" who oppose excessive [[government]] expenditures, deficits, and government debt. In other words, they believe that a government does not have the right to run up large debts and then throw the burden on the taxpayer; the taxpayers' right not to be taxed oppressively takes precedence even over paying back debts a government may have imprudently undertaken. Because of this, fiscal conservatives are the staunchest supporters of balanced [[budget]]s. This belief in balanced budgets tends to be coupled with a belief that [[taxation]] should be low in order to stimulate industrial development. | Above all, fiscal conservatives are "[[Libertarian|economic libertarian]]" who oppose excessive [[government]] expenditures, deficits, and government debt. In other words, they believe that a government does not have the right to run up large debts and then throw the burden on the taxpayer; the taxpayers' right not to be taxed oppressively takes precedence even over paying back debts a government may have imprudently undertaken. Because of this, fiscal conservatives are the staunchest supporters of balanced [[budget]]s. This belief in balanced budgets tends to be coupled with a belief that [[taxation]] should be low in order to stimulate industrial development. | ||
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[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 21:57, January 16, 2009
Fiscal conservatism is a strain of conservatism concerned with economic rather than social issues. Specifically it is characterized by the belief that government must "live within its means".
Above all, fiscal conservatives are "economic libertarian" who oppose excessive government expenditures, deficits, and government debt. In other words, they believe that a government does not have the right to run up large debts and then throw the burden on the taxpayer; the taxpayers' right not to be taxed oppressively takes precedence even over paying back debts a government may have imprudently undertaken. Because of this, fiscal conservatives are the staunchest supporters of balanced budgets. This belief in balanced budgets tends to be coupled with a belief that taxation should be low in order to stimulate industrial development.
