Old Parties Collude on Budget Deal to Put Americans Deeper in Debt

For Immediate Release Tuesday, October 27, 2015

The White House, along with Democratic and Republican politicians in Congress, released a budget deal on October 26 that throws more cash at Big Government programs and raises the debt. It also subverts the budget caps established by the Budget Control Act of 2011by upping them by $80 billion and by throwing an additional $59 billion into a Pentagon slush fund.

Hailed as ‘a win for both parties’ by NBC News, Democrats and Republicans included in the deal a provision to suspend the debt limit until March 2017 — after the 2016 election. It’s no secret that this delay is an attempt to divert attention from their destructive spending during the election year.

‘No wonder the two old parties’ approval ratings are at an all-time low,’ said Libertarian National Committee Chair Nicholas Sarwark. ‘Democratic and Republican politicians in Washington, D.C. are lavishing taxpayer money on their K Street pals while raising taxes and printing money to pay for it, devaluing the dollar, and selling the rest of the country down the river.’

‘There should be no ‘debt ceiling’ debate, and there’s no need for ‘sequesters’ — a gimmick used by Democrats and Republicans pretending to be fiscally responsible while recklessly overspending,’ he said. ‘The solution is very simple and will be offered by dozens of Libertarian candidates running for federal office in 2016, such as Allen Buckley for U.S. Senate in Georgia: Balance the budget. Never raise taxes. And cut spending !’

‘The big lie is that Republican politicians oppose more domestic spending and Democratic politicians oppose more military spending,’ said Sarwark. ‘In reality, the ‘compromise’ between the old parties is to put the American taxpayer deeper in debt for more domestic and military spending. Budget negotiations are supposed to result in both sides losing a little bit, but this deal only has one loser: the American taxpayer.’

‘The battle plan for voters is clear,’ he continued. ‘Never vote for Big Government politicians. If you do, it gives them permission to continue their reckless spending, which does great harm to the American economy. Instead, cast your ballot only for small-government Libertarians.’