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Fiscal conservatism
Fiscal conservatism is a politicoeconomic philosophy with regard to fiscal policy and the advocating of fiscal responsibility. Fiscal conservatives advocate the avoidance of deficit spending, the reduction of overall government spending and national debt, and ensuring balanced budgets. Fiscal conservatives would also support pay-as-you-go financial policies. Free trade, deregulation of the economy, lower taxes, and other conservative policies are also often, but not necessarily, associated with fiscal conservatism. Fiscal conservatism is synonymous with classical liberalism and economic liberalism.
==Principles==
Fiscal conservatism is the economic philosophy of prudence in government spending and debt. Edmund Burke, in his ''Reflections on the Revolution in France'', argued that a government does not have the right to run up large debts and then throw the burden on the taxpayer:
()t is to the property of the citizen, and not to the demands of the creditor of the state, that the first and original faith of civil society is pledged. The claim of the citizen is prior in time, paramount in title, superior in equity. The fortunes of individuals, whether possessed by acquisition or by descent or in virtue of a participation in the goods of some community, were no part of the creditor's security, expressed or implied...()he public, whether represented by a monarch or by a senate, can pledge nothing but the public estate; and it can have no public estate except in what it derives from a just and proportioned imposition upon the citizens at large.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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