- Fiscal conservatives believe in small government—in leaving the states and the people alone to the greatest degree possible, free to pursue their own lives without federal interference. Fiscal conservatives reject high tax rates and government spending, and believe that letting American workers and businesses keep as much of their own money as possible is the best thing they can do for the economy. Fiscal conservatives see a balanced budget as the best way to ensure the long-term financial health of the country. They generally believe in maintaining a strong national defence and leaving safety nets like Social Security intact in some form.
- Policies:
- Fiscal Conservatism -- Fiscal Conservatives - US Conservative PoliticsAt the time, Republican fiscal conservatives were very suspicious of the nation doing business outside its own borders. The policies ado...
- Examples:- The United States is very different in this respect. There, leading politicians who choose to call themselves “fiscal conservatives” – such as Paul Ryan, now the Republican Party’s presumptive vice-presidential nominee to run alongside presidential candidate Mitt Romney in November’s election – care more about cutting taxes, regardless of the effect on the federal deficit and total outstanding debt.
- Problems:
- Benefits:Fiscal conservatives argue that the benefits of their political stance is that the individual has greater influence over the government and thus the state is more democratic and representative of the peoples wishes.Additionally they believe that government spending should be reduced to a point where there is always a surplus on the account balance of the government. Therefore they oppose the idea of having deficits where the government is in great debt and the government spending is greater than the revenues generated through taxation.Lastly the are conservative in the sense that they want low tax rates as well as reduced government power and pending. This means that the welfare state would be drastically reduced, yet peoples 'freedoms' would be increased as the individual has more influence over themselves.
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