Let's start large. Let's get way out there in the hypothetical and say LP presidential candidate Michael Badnarik pulls the greatest upset in the history of the Republic, and wins a majority in the Electoral College. What happens next? Libertarians are opposed to most government spending. Won't it immediately stop?
No. While the President has the ability to veto any spending bill that crosses his desk, President Badnarik would face the very strong possibility that the Congress would override his veto. The words President Badnarik chooses to explain his veto would be crucial. If he says, "I will veto any bill that does not eliminate 90% of all spending," he can be assured that his veto would be overriden. The Democrats and Republicans at long last would sing "Kumbaya" on Capitol Hill with a new sense of common ground. However, if Badnarik took a much more reasonable approach, saying, " I will veto any bill that does not reduce spending by 5%," he would probably win the day. The Congress must be negoiated with, no matter which party the President is from. This is one of the checks and balances.
The same logic applies to any states gubernatorial races. If Kenn Gividen should win in Indiana, he would have very little ability to turn the place upside down. A Libertarian President or Governor would have little choice but to work in coalition with the other parties on an issue-by-issue basis, or he would suffer being run roughshod over by the various houses of the legislatures.
Let's go to the Congress. Let's say Libertarian Senatorial candidate Al Barger pulls the upset of the century, snagging 38% of the vote, with Evan Bayh (D) taking 37% and Marvin Scott (R) getting 25%. Unless there are other upsets-of-the-century in several other states, and assuming that all other seats stay the same (less Bayh's loss), there would then be 1 Libertarian, 1 Independent (Jeffords), 47 Democrats, and 51 Republicans. List of US Senators. You could expect virtually no change in policy outcomes. Any time the GOP wanted to vote strictly along party lines, it could still arrive at a simple majority, so long as their Senators played along. Barger could make life interesting by introducing bills, or by speaking on the floor. However, simply introducing a bill does not assure that it would ever get a hearing, let alone be voted on. If there aren't enough co-sponsors, or isn't enough general support, it might never come out of committee- assuming it got that far at all.
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