Fiscal conservatism is a fiscal policy that advocates avoiding deficit spending. Fiscal conservatives often consider reduction of overall government spending and national debt as well as ensuring balanced budget of paramount importance. Free trade, deregulation of the economy, lower taxes, and other conservative policies are also often but not necessarily affiliated with fiscal conservatism.[.....
.....]American businessman, politician, and current Mayor of New York City, Michael Bloomberg, considers himself a fiscal conservative and expressed his definition of the term at the 2007 United Kingdom Conservative Party Conference.
To me, fiscal conservatism means balancing budgets – not running deficits that the next generation can't afford. It means improving the efficiency of delivering services by finding innovative ways to do more with less. It means cutting taxes when possible and prudent to do so, raising them overall only when necessary to balance the budget, and only in combination with spending cuts. It means when you run a surplus, you save it; you don't squander it. And most importantly, being a fiscal conservative means preparing for the inevitable economic downturns – and by all indications, we've got one coming. —Michael Bloomberg
How does one claim to be a true fiscal conservative when a key piece or tool to assure a stable and growing economic model is beyond their consideration? The tool of course is increased taxes to help eliminate deficit and reduce debt. Taxes are part of the equation just as are spending cuts, so why the hesitancy, indeed the out right refusal to consider that piece.
I realize the right will say that Bloomberg is no true Conservative but that is beside the point. If the definition of Fiscal Conservatism is to ensure a healthy economy no part of the tool box can be ruled out.