Dear Friend of Liberty,

The U.S. government's fiscal year ended last Friday. (That was FY 2011.)

Republicans took over the U.S. House last November, and as a result, government spending finally dropped.

Whoops! I have that wrong. Government spending actually increased!

They haven't reported the final numbers yet, but FY 2010 spending was $3.456 trillion, and FY 2011 spending was most recently projected to come in at $3.597 trillion. That's a 4% increase.

Remember, there was no budget passed last year. That means that most of the FY 2011 spending occurred with the approval of the newly elected Republicans. (Remember all those "continuing resolutions"?)

I know, I know. Wait till next year, right?

Even though the press loves to howl about "deep cuts" from Republicans, you and I know there are no such things. Republicans love big government, just like Democrats.

Actually, you could make a case that Democrats are more willing to cut government than Republicans, crazy as that sounds. Many Democrats want to cut military spending -- that's big. But Republicans aren't willing to cut any big-ticket items.

Of course I'm not saying we should trust Democrats to cut government. My point is, Republicans and Democrats are going to keep leapfrogging each other.

Here's how compromise works in Washington: The Democrat says "I want to spend more on program A." The Republican says "I want to spend more on program B." So they compromise, and spend more on both!

The Libertarian Party, on the other hand, will keep fighting to cut government across the board.

Sincerely,

Wes Benedict
Executive Director
Libertarian National Committee

P.S. If you have not already done so, please join the Libertarian Party. We are the only political party dedicated to free markets, civil liberties, and peace. You can also renew your membership. Or, you can make a contribution separate from membership.