Skip to comments.Boehner Tells GOP He Will Unveil New Debt Strategy [Short-Term Debt Extension]
Posted on 07/23/2011 2:03:38 PM PDT by Steelfish
Boehner Tells GOP He Will Unveil New Debt Strategy
By Lori Montgomery, Paul Kane and Renae Merle
July 23 House Speaker John A. Boehner told his troops Saturday that he hopes to roll out a two-step strategy within the next 24 hours for raising the federal debt ceiling to avoid roiling Asian financial markets when they open Sunday, according to several participants in the conference call.
In the call with his House GOP colleagues, Boehner (Ohio) said he still hopes to slice as much as $4 trillion out of the federal budget over the next decade, despite the collapse of talks with President Obama on Friday over a bipartisan grand bargain to restrain the nations debt.
Top Republican aides said Boehner envisions a short-term extension of the debt limit that would include spending cuts that meet or exceed the debt limit increase. That would be paired with a strategy for finding additional savings. Options include a new super committee of the sort proposed by Senate Majority Leader Harry M. Reid (D-Nev.). Another option would be to tell existing legislative committees to make policy changes over the next few months aimed at meeting the savings targets.
In the call, Boehner stressed that the path forward would be a new plan, not a proposal offered earlier this month by Senate Minority Leader Mitch McConnell (R-Ky.) to authorize Obama to raise the debt limit on his own, without explicit congressional approval.
Freshman Rep. Blake Farenthold (R-Tex.) confirmed that Boehner was open to a short-term deal that would allow more time to solve the problem, but added that Republican leaders remain worried that even a temporary lift of the governments borrowing authority would fail on the House floor.
(Excerpt) Read more at washingtonpost.com ...
They SHOULD worry. Those newbies in the House hold all the cards in this particular hand; they shouldn't give them up for love nor money. The financial markets have needed correction for a long time. They've been propped up by funny-munny from the governments. The prospect of such a correction is 1) a normal thing, and 2) obama's problem, if anyone's.
The House must get their big budget cuts and NO tax increase. The tax code needs to be dealt with separately.
The House holds the purse strings. All they have to do is target the spending cuts and balance the budget.
Because that is all he does!!!
We need another damned committee like we need another porkulus bill!
And the jackass stands on the sideline in amusement.
Dam@it Bonehead, no. No damn compromise and screw the Asian markets.
I’m thinking Soros is holding his children in a cabin at an undisclosed remote location until this thing goes his way.
I’m really only partly joking. Something is up here.
Okay, I’m raising the Boehner Cave Alert Level to HIGH.
Budget Cuts that go out as far as 10 years. Get real. We have been down that road too many times. Reagan, Bush1, Bush2, CR Deal.
No congress is bound by “future cuts”.
We have tried it your way... for decades and it hasn’t worked.
I would take a short-term deal, with REAL Spending cuts.
That’s the proverbial example of taking a bucket of water out of the deep end of the pool and dumping it in the shallow end.
Borrowing more money in effort to cut excessive spending is a zero-sum game.
Cut, cut, cut.
Then cut all over again. And again after that.
Thank God. Putting Obama in charge of the debt limit is like giving a monkey a loaded gun.
It is LONG past time to have cut up these idiots' credit cards, especially since they are in our name. Enough, already.
>> If this guy was negotiating for me,I would jump off a bridge.
If this guy were negotiating for *me*, and he came back with a deal this lame... I’d push *him* off the bridge.
What is it with these guys and their “committees to find spending cuts”? We don’t need no stinking committee. All we need are legislators with principles and spines.
Boehner’s ONLY response until after 8/2/11 should be: “The House has done it’s duty to increase the debt limit by passing CC&B. It’s the President’s and the Senate’s job to step up to the plate.”
Boehner shouldn’t be negotiating or renegotiating ANYTHING. The House has already spoken.
“Where is Boehner from again? Judgeing from his actions I’d say he was from a
Because that is all he does!!!”
We need to chip in and get that weepy guy, some of Herb Cohen’s Books. I am having a hard time watching all this, Fail!
If he and McCollum are the best we got, we are in deep doodoo
Still pushing the "over the next decade" scam
“>> If this guy was negotiating for me,I would jump off a bridge.
If this guy were negotiating for *me*, and he came back with a deal this lame... Id push *him* off the bridge.
What is it with these guys and their committees to find spending cuts? We dont need no stinking committee. All we need are legislators with principles and spines.”
LMAO Very True.
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