Fiscally conservative in the context of "Ron Paul"

⭐ In the context of Ron Paul, fiscally conservative principles are demonstrated through his opposition to which of the following?

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⭐ Core Definition: Fiscally conservative

In American political theory, fiscal conservatism or economic conservatism is a political and economic philosophy regarding fiscal policy and fiscal responsibility with an ideological basis in capitalism, individualism, limited government, and laissez-faire economics. Fiscal conservatives advocate tax cuts, reduced government spending, free markets, deregulation, privatization, free trade, and minimal government debt. Fiscal conservatism follows the same philosophical outlook as classical liberalism. This concept is derived from economic liberalism and later neoliberalism.

The term has its origins in the era of the American New Deal during the 1930s as a result of the policies initiated by modern liberals, when many classical liberals started calling themselves conservatives as they did not wish to be identified with what was being called liberalism in the United States. In the United States, the term liberalism has become associated with the welfare state and expanded regulatory policies created as a result of the New Deal and its offshoots from the 1930s onwards.

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👉 Fiscally conservative in the context of Ron Paul

Ronald Ernest Paul (born August 20, 1935) is an American author, activist, medical doctor, and politician who served as the U.S. representative for Texas's 22nd congressional district from 1976 to 1977, and again from 1979 to 1985, as well as for Texas's 14th congressional district from 1997 to 2013. On three occasions, he sought the presidency of the United States, first as the Libertarian Party nominee in 1988, and then as a candidate for the Republican Party in 2008 and 2012.

A self-described constitutionalist, Paul is a critic of several of the federal government's policies, especially the existence of the Federal Reserve and tax policy, as well as the military–industrial complex, the war on drugs, and the war on terror. He has also been a vocal critic of mass surveillance policies such as the Patriot Act and the NSA surveillance programs. In 1976, Paul formed the Foundation for Rational Economics and Education (FREE), and in 1985 was named the first chairman of the conservative PAC Citizens for a Sound Economy, both free-market groups focused on limited government. He has been characterized as the "intellectual godfather" of the Tea Party movement, a fiscally conservative political movement started in 2007 and popularized in 2009 that is largely against most matters of interventionism.

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Fiscally conservative in the context of Tea Party movement

The Tea Party movement was an American fiscally conservative political movement within the Republican Party that began in 2007, catapulted into the mainstream by Congressman Ron Paul's presidential campaign. The movement expanded in response to the policies of Democratic president Barack Obama and was a major factor in the 2010 wave election in which Republicans gained 63 House seats and took control of the U.S. House of Representatives.

Participants in the movement called for lower taxes and for a reduction of the national debt and federal budget deficit through decreased government spending. The movement supported small-government principles and opposed the Affordable Care Act (also known as Obamacare), President Obama's signature health care legislation. The Tea Party movement has been described as both a popular constitutional movement and as an "astroturf movement" purporting to be spontaneous and grassroots, but alleged to have been influenced by outside interests. The movement was composed of a mixture of libertarian, right-wing populist, and conservative activism. It sponsored multiple protests and supported various political candidates since 2009. The movement took its name from the December 1773 Boston Tea Party, a watershed event in the American Revolution, with some movement adherents using Revolutionary era costumes.

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Fiscally conservative in the context of New Democrats (United States)

New Democrats, also known as centrist Democrats, Clinton Democrats, or moderate Democrats, are a centrist ideological faction within the Democratic Party in the United States. As the Third Way faction of the party, they are seen as culturally liberal on social issues while being moderate or fiscally conservative on economic issues. New Democrats dominated the party from the late 1980s through the early-2010s, and continue to be a large coalition in the modern Democratic Party.

With the rise of progressivism in 2016 and 2020 amidst the presidential campaigns of Bernie Sanders, and that of the right-wing populism of Donald Trump, New Democrats began to change and update their ideological positions. Debates over tax cuts on capital gains have been reconfigured to removing caps on state and local tax deduction (SALT).

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LINKED FROM (PARENTS)
← Ron Paul ← Tea Party movement ← New Democrats (United States) ← Tea Party Movement ← Tea party movement
LINKS TO (CHILDREN)
Politics of the United States → Political philosophy → Economic philosophy → Fiscal policy → Fiscal responsibility → Capitalism → Individualism → Limited government → Laissez-faire → Tax cut → Government spending → Free market → Deregulation → Privatization → Free trade → Government debt → Classical liberalism → Economic liberalism → Neoliberalism → New Deal → Social liberals → Conservatism in the United States → Liberalism in the United States → Modern liberalism in the United States → Welfare state → Regulatory →