What do libertarians think about the latest spending deal in Washington? We think it’s a bad deal for America.
Here’s a press release from the national LP:
Libertarians call spending compromise “travesty”
WASHINGTON – Libertarian Party Executive Director Wes Benedict issued the following statement today:
Just in time for Tax Day, the Republicans and Democrats in Congress have joined hands to clobber American taxpayers.
According to the Associated Press, the 2011 spending compromise will ‘cut federal outlays from non-war accounts by just $352 million through Sept. 30….When war funding is factored in the legislation would actually increase total federal outlays by $3.3 billion relative to current levels.’
This is happening at a time when federal spending and deficits are at unprecedented high levels. Federal spending this year is expected to be about 5 percent higher than last year. This is a travesty.
In 2000 under Bill Clinton, federal spending was $1.79 trillion. This year it’s expected to be at least $3.63 trillion.
Neither Democrats nor Republicans have made any serious proposals to change the course of the federal government. In particular, both President Obama’s and Congressman Ryan’s 2012 budget proposals are absurd. I fear that America will soon be overtaken by events. Inflation, high interest rates, high unemployment, and probably other unforeseen problems will start to force everyone’s hand. One way or another, people aren’t going to get what they have been led to expect….
The Cato Institute has produced a short video about the bill, “Obama/Boehner’s Phony Spending Cuts.”
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