What is what does it mean to be fiscally conservative?

Fiscal conservatism is a political and economic philosophy advocating for prudence in government spending and debt. Key tenets often include:

• Lower Taxes: Fiscal conservatives generally believe that lower taxes stimulate economic growth by leaving more money in the hands of individuals and businesses. This aligns with Supply-Side Economics.
• Reduced Government Spending: They advocate for limiting government expenditures to essential functions, arguing that excessive spending leads to inefficiency and debt. This often involves scrutiny of Social Programs.
• Balanced Budgets: Fiscal conservatives prioritize balancing the government's budget, aiming to avoid deficits and reduce the national debt. They often support measures to control Government%20Debt.
• Free Markets: They generally favor free markets and deregulation, believing that minimal government intervention fosters competition and innovation. This relates to the concept of Economic%20Liberalism.
• Sound Money: Fiscal conservatives often support a stable monetary policy and advocate for measures to control Inflation.