Sounds sensible. Won't happen though. The only way to get any libertarian ideas in place is to elect Republicans (or even Dems) that have libertarian beliefs (like Ron Paul).
I know, it's sad. The Republicrats have erected too many barriers for third-party participation in the political process. The problem with someone like Ron Paul is that at some point the party leadership will force him to vote against his conscience and for big government. Like George Washington said, parties are self-serving.