Does he mean it this time or will he cave to the out of control spending Democrats yet again?
The top Republican in Congress wants trillions of dollars in spending cuts as part of must-pass legislation permitting the government to continue to borrow to fund its operations and meet obligations to investors.
House Speaker John Boehner, in a speech prepared for delivery Monday night, says it would be irresponsible to raise the so-called debt limit beyond its $14.3 trillion cap without a major effort to curb the spiraling deficit. He says the cuts should be larger than the amount of the permitted increase in the debt.
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Obama aide: Boehner shouldn’t hold debt limit ‘hostage’ to spending cuts
So, have Boehner and the Republicans finally grown a spine? They talk the talk, but can they walk the walk? They’re on the right side of fiscal reality and American public opinion in this all the marbles battle for the country’s very economic survival. The stakes for our future literally couldn’t be any higher.
/hopefully, they won’t chicken out again, the last time they promised to stand their ground on spending cuts, it ended in a humiliating disaster for Republicans
Filed under: Blog Entry | Tagged: $14.3 Trillion Cap, Barack Obama, Borrow, Budget Deficits, Congress, Curb, Cuts, Debt, Debt Limit, Debt Vote, Deficit, Delivery, Democrats, Fund, Government, House Speaker, Increase, Investors, Irresponsible, John Boehner, Legislation, Major Effort, Must-Pass Legislation, National Debt, Obligations, Operations, Permitting, Prepared, Raise, Republicans, Speech, Spending Cuts, Spiraling Deficit, Trillions, U.S. House of Representatives, U.S. Senate |