Americans hoping that the new Republican majority in Congress would offer real budget cuts just got sucker-punched by the Republicans, the Libertarian Party chair said yesterday.
“Americans hoping to get real about our national debt just got sucker-punched by Republican Paul Ryan,” said Mark Hinkle in a statement. “Republicans want to spend $40 trillion over ten years. That averages a staggering $4 trillion per year.”
As recently as 2000, federal spending was only about $1.8 trillion. Republicans also want to increase the federal debt from $15.0 trillion to $23.1 trillion.
“I hope our children and grandchildren enjoy paying interest on that extra $8.1 trillion.”
Barbara Howe, state Libertarian Party chair, said she was not surprised.
“When I read Mark’s (Hinkle) comment about being sucker-punched, my first thought was, ‘Yeah, again.’ Why are we surprised that the Republicans are so weak with budget cuts. After all, GOP stands for Good on Promises, Gutless on Performance,” Howe quipped.
Hinkle said people shouldn’t judge the Republican plan by the standard President Obama has set because everyone knows Democrats are big spenders.
“What this budget shows is, Republicans are hypocrites. They have no intention of cutting the federal government down to size,” Hinkle said. Ryan’s plan would still have the federal government spending 19.9 percent of the GDP in 2021, a higher percentage than during Democrat President Bill Clinton’s second term he noted.
He said that “Paul Ryan is worse than Bill Clinton,” noting that In 1997, federal spending was dropped from 19.5 percent in 1997 to 18.2 percent of GDP by 2000.
Ryan and the Republicans continue to mollycoddle the Pentagon, Hinkle said. “Paul Ryan is the Military-Industrial Complex’s best friend. He apparently can’t find one penny to cut from Obama’s bloated levels of military spending.
“Only a big-government Republican could come up with language like ‘reinvesting’ $100 billion in higher military priorities,” said Hinkle.
When Republicans controlled both houses of Congress and the White House from 2001-2006, they did nothing to shrink government, or even slow down government growth, Hinkle observed.
On the contrary, he noted that Ryan voted for expensive foreign wars, No Child Left Behind, the huge 2003 Medicare expansion, TARP bailouts and even ethanol subsidies.
“We Libertarians propose eliminating federal functions that are not authorized in the Constitution,” Hinkle concluded. “Furthermore, Libertarians propose ending foreign wars and foreign troop deployments, allowing huge cuts in military spending.
“Libertarians would cut the federal government down to less than 10 percent of GDP, and we’d keep cutting once we got there.”