Fiscal conservatism

Fiscal conservatism is one of the main factors that mark the difference between conservatives and progressives. It says it is necessary to reduce public spending in order to achieve a balanced budget. In fact it seeks to curb state intervention in the economy, favoring instead privatization and deregulation, in addition to free market and free trade. The objective is to reduce taxation and programs or entities deemed useless, as well as reducing public debt and favoring investments in the country or area of belonging.

Fiscal Conservatism Media

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  Herbert Hoover addresses a large crowd in his 1932 presidential campaign.

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  Jimmy Carter, who reduced the debt-to-GDP ratio in the 1970s

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  Ronald Reagan spent the most of any recent President (Carter to Obama) as measured by annual average percentage of the GDP.

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  Comparison of annual federal deficits (CBO 10-year forecast from prior to inauguration vs. the actual amount) during the Obama and Bush presidencies showcasing how George W. Bush added far more to the debt relative to the CBO 2001 forecast than Obama added relative to the CBO 2009 forecast