You are all missing the real point. Everyone agrees libraries are valuable assets and we need them.
However, whenever a local or government authority has its budget cut, either by the voters or from central government, the first reaction of the bureaucracy is to threaten to close valuable services instead of looking for ways to eliminate waste (their own jobs in many cases).
I lived through this years ago in California, when proposition 13 was voted in, limiting all state expenditure. The first reaction of the civil servants was to list fire stations, health clinics, swimminig pools and yes, libraries for closure. The fight is still going on to sort the budget out, but California still has public libraries.
There is no doubt that this government needs to drastically reduce public expenditure and that this will be painful, but public servants should not be treated as disinterested parties in the debate and their first reactions need to be trated with cynicism.