From Libertarian Party Offical Web Page
For Immediate Release
Thursday, September 26, 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. This would greatly benefit the U.S. economy. . . . Read Coomplete Press Release
