NewsRoomAmerica.com - Libertarian Party calls for permanent government spending slowdown, defunding Obamacare - : Contact: Media Coordinator, Molly Schwoppe • (202) 333-0008 • media@lp.org
September 28 2013 - "There is no impending government shutdown — only a government slowdown. The threat of a 'shutdown' is designed to scare voters while avoiding scrutiny of reckless government overspending.
"If federal lawmakers do not pass a budget or a 'continuing resolution (CR) by Oct. 1, a government spending slowdown will take effect. This could halt almost $1 trillion in annualized spending that the CR would authorize, which is the size of the current federal deficit. If made permanent, this would cut annual federal spending by approximately 27 percent to $2.7 trillion — the current level of revenues coming in.
In other words, a federal slowdown — if allowed to take full effect — would balance the federal budget....
"Do politicians properly prioritize spending cuts when a slowdown takes effect? Yes and no. Functions that affect life or property generally remain funded, but many needed cuts — such as lucrative government perks, Obamacare, and large volumes of waste marbled throughout government spending — remain intact.
"Furthermore, lawmakers have made numerous exceptions to the slowdown. Only a portion of the $1 trillion that would be authorized by a CR will be blocked if a slowdown takes effect.
"While the particulars of the impending slowdown are far from perfect, any serious spending cuts are a welcome change from wildly irresponsible government overspending and growing government debt.
Read more: http://www.newsroomamerica.com/story/388458.html
'via Blog this'
September 28 2013 - "There is no impending government shutdown — only a government slowdown. The threat of a 'shutdown' is designed to scare voters while avoiding scrutiny of reckless government overspending.
"If federal lawmakers do not pass a budget or a 'continuing resolution (CR) by Oct. 1, a government spending slowdown will take effect. This could halt almost $1 trillion in annualized spending that the CR would authorize, which is the size of the current federal deficit. If made permanent, this would cut annual federal spending by approximately 27 percent to $2.7 trillion — the current level of revenues coming in.
In other words, a federal slowdown — if allowed to take full effect — would balance the federal budget....
"Do politicians properly prioritize spending cuts when a slowdown takes effect? Yes and no. Functions that affect life or property generally remain funded, but many needed cuts — such as lucrative government perks, Obamacare, and large volumes of waste marbled throughout government spending — remain intact.
"Furthermore, lawmakers have made numerous exceptions to the slowdown. Only a portion of the $1 trillion that would be authorized by a CR will be blocked if a slowdown takes effect.
"While the particulars of the impending slowdown are far from perfect, any serious spending cuts are a welcome change from wildly irresponsible government overspending and growing government debt.
Read more: http://www.newsroomamerica.com/story/388458.html
'via Blog this'
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