There is far too much diversity in conservative beliefs to answer the question.
Best anyone can do is answer what he, as a conservative, believes.
Not surprisingly, the rabid liberal toadies fail to recognize either point.
Yet the self defined conservatives have not answered the basic question.
Well, as I said, that's because they caannot - no one can.
Would you care to reply and list a half dozen or more principles you hold which make you a conservative?
That's a different question.
I'll give you four:
-Great personal freedom = Great personal responsibility
You can choose to do what you want, but in doing so you also choose to accept the consequences for your action. You don't get to choose to make whatever decisions you want then expect others to forgive you for whatever damage you nay have caused or bail you out from the costs incurred. This applies to all aspects of life, from the point where you start making dscisions for yourself to the point where you stop.
-You, aand no one else, are responsible for you.
Your life is what you make of it. If you want to eat, buy food. If you want to be warm, buy clothes and a place to live. If you want to be safe, acquire the means to protect yourself. No one owes you these things and no one should ever be put in a position of being forced to give them to you.
Related to above...
-You have no right to impose your morality on others
You may think it is wrong to let people starve, et al, but you have no right to force that morality on me - especially if you're the sort of person who will whine and cry should anyone ever try to do the same to you.
Similarly related...
-Government exists to protect the rgihts of the people, not provide them with the means to exercise those rights.
This is the natural extension of the points noted above applied to the role of government. Following this principle will allievate any and all issues regarding debt/deficit/spending/revenue/taxes.