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 nation’s 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 government’s borrowing authority would fail on the House floor.
(Excerpt) Read more at washingtonpost.com ...
Be careful to draw any conclusions just yet. Look at the source of this story.
And will he (and the media) ever ask Obama and Reid for their plans?
I agree. What's wrong with NOW?
Meet or exceed the debt limit increase.
Sounds like boner is scared. I guess Timmy called him and told him just how bad it’s going to be and he’s caving. I hope I’m wrong. ‘Cause from what I’ve been seeing the credit rating is going to get downgraded anyway.
LMAO Good one,thanks I needed the laugh!
@DanRiehl DanRiehl MT @markknoller: Reid just issued statement that lk Pres Obama, he will not support any short term increase in the debt limit.
I’d be OK with a Debt Limit raise - if and only if the monies would be expended on Social Security (Including Medicare/Medicaid) and military pay and no other purpose.
@toddstarnes toddstarnes BREAKING: Congressional leaders - GOP & DEM to meet in Boehner's office at 5:30p.m. tonight.
Well, something is up.
A package of spending cuts w commensurate cuts in spending is the place to start, but some revenues will be tacked on by the Senate I via tax reform or other trigger - once spending cuts have been implemented for FY 12.
Boehner has now usurped the President of the US as the adult in the room; he has to prove the GOP can govern.
Bottom line: BO doesn’t get it, but Senate Dems are waking up that their spending spigot is over, and that their Keynesian nonsense is headed to the ash heap of history.
BO screwed up badly, put himself into a lose-lose. If he obtains a credible deal, he loses his base. If he secures a phony deal, our credit is downgraded and he owns the economic contraction.
Thank God that Standard and Poors came thru this week for the GOP, or God knows where we’d be. People need to remember that SOB Bernanke gave BO and the RATS a green light for more spending in FY 12, which badly hurt the GOP.
Hate to break it to you, but that would be one of the options he put forward in negotiations.
“That would be paired with a strategy for finding additional savings.”
Here’s a set of books Congress could buy to find additional savings:
Matthew Lesko ‘s Free Government Money And Government Grants Library
AMEN!
From the way obama was acting yesterday it’s apparent he’s scared half to death.
The tea party congress folks should say “We are voting the way our constitutients sent us here to vote. What’s so hard to understand about that?”
We WILL get immediate FY 12 spending cuts.
All this bashing of Boehner is premature. He knows that a sham deal won’t pass the House. Second, he stood up to BO in the face of immense hostility and has held his ground today, as well.
If he can pull this off, Boehner is proving that BO is juvenile, rash, inept, and a total fraud.
Reid will have to swallow a short term deal, notwithstanding his “tweet” to the contrary. If he won’t, then the RATS will own the shutdown.
I am VERY encouraged.
Boner needs to take the original CC&B bill and modify it. Double the cuts, Cut the cap by 5%, and then pass it. Send it to the Senate and Howdy Dowdy with a “Take it or Leave it message and then send the house home until they pass it. ....red
Hate to break it to you, but that would be one of the options he put forward in negotiations.”
I believe that!
We need a soviet style negotiator and got Pee wee Herman! Boner has no grasp of the seriousness of our predicament,Apparently ,Nice went out the window when that Kenyan pinko was elected and started on the destructive rampage!
Boehner has always maintained that he would work to raise the debt ceiling as long as he got cuts equal to the increase with no tax rate hikes.
So, where's the, um, FIGGIN' cave?
“FIGGIN’ CAVE!!!!!
Boehner has always maintained that he would work to raise the debt ceiling as long as he got cuts equal to the increase with no tax rate hikes.
So, where’s the, um, FIGGIN’ cave?”
If you make the spending cuts, there is NO logical reason to raise the ceiling!
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