Although the Republican Party established its own political party in the mid-19th century with fiscal conservatism as its purpose, the fiscal conservatives who launched the campaign are very similar to the ancient conservatives of today. At that time, Republican fiscal conservatives were very suspicious that the country was doing business outside its own borders. These early Republican policies were largely conducive to large businesses (for economic purposes) and stable and reliable tariff revenues. Today’s fiscal conservatism is most closely linked to Reagan’s economics, which is named after President Reagan. When President Reagan took office in 1981, he cut income taxes, deregulated the economy and tried to control all expenditures to reduce the size of the government. However, the increase in military expenditure exceeded Reagan’s efforts to introduce supply economics, and by 1989, under his supervision, national debt had actually increased. Modern fiscal conservatives remain wary of government spending and tend to be more liberal than Republicans. They advocated reducing federal budgets, repaying national debts and withdrawing troops from overseas to cut military spending. Although today’s fiscal conservatives still support business, they are hesitant to increase spending to stimulate the economy. They believe that the best way to promote healthy economic development is to cut taxes, reduce government waste, and reduce boring federal programs. They believe that social services should be funded by philanthropists and advocate tax cuts for those who contribute to charities. There are many criticisms of fiscal conservatives. One of the most noteworthy is liberal politicians, who believe that the primary responsibility of the U.S. government is to use taxes to regulate the economy and provide social services. Although fiscal conservatism has become a buzzword in Washington, D.C., much of the Republican base remains committed to its ideals. Unfortunately, many self-proclaimed fiscal conservatives are on the contrary. Fiscal conservatism has little to do with social or “wedge” issues, so it is not uncommon to hear that social conservatives, ancient conservatives and even Democrats call themselves fiscal conservatives. Although some Republicans may find them blasphemous, the cruel fact is that former President Bill Clinton spent even less than Ronald Reagan on adjusting inflation and removing military budgets from the equation. Clinton, however, is the exception – not the rule. Overall, most Democrats still believe in using public funds to pay for the results, as their records prove.