LP Press Release
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 2011 by 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.”
"Whenever the media hail an idea as good 'bipartisan' decision you can be almost be certain that it is a bad deal for the people," added Brian Irving, vice chair of the Libertarian Party of North Carolina.