“The Realities of the Situation”

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Boehner written statement draws the usual lines in the sand (major spending cuts, budget reform, no tax hikes) and drills the ball into POTUS court.

Statement by Speaker Boehner on President Obama’s Request for An Increase in the National Debt Limit

WASHINGTON, DC – House Speaker John Boehner (R-OH) today issued the following statement regarding President Obama’s request for an increase in the debt limit:

“The American people voted for a new majority in the House with clear orders to end the spending binge in Washington. The American people will not accept an increase in the debt limit that is accompanied by job-crushing tax hikes and fails to dramatically cut and reform government spending. They understand that a debt limit deal that raises taxes and fails to rein in spending will hurt our economy and further impede job creation. And since January, I have been clear: the new majority in the House will stand with the people.

“The president and his party may want a debt limit increase that includes tax hikes, but such a proposal cannot pass the House. The president and his party may want a debt limit increase without spending cuts that exceed the amount of the debt limit hike, but such a proposal cannot pass the House. The president and his party may want a debt limit increase without budget reforms that will restrict Washington’s ability to spend in the future, but such a proposal cannot pass the House.

“These are the realities of the situation. If the president and his allies want the debt limit increased, it is only going to happen via a measure that meets these tests. If the president puts forth such a proposal, he has my word that the House will act on it. But a measure that fails to meet these tests cannot pass the House. If the president wants this done, he must lead. We have an extraordinary opportunity to do something big for our economy and our country. With presidential leadership, we can seize this moment and deliver something important for the people we serve.”

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The lack of a firm deadline for the US government to default (because of Treasury gimmicks that forestall the moment of doom) is killing the chances for a deal. The Republicans appear to be neither bluffing nor backing down. The President cannot get a pact now without risking a major rupture with his own party. It isn't clear even in the abstract at this point what the elements of a compromise would be. But the level (two trillion in cuts for a medium-term raising of the debt limit) still seems to be the consensus.
Related Topics: John Boehner, Budget, Congress, House

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