Boehner: Obama 'Not Serious' about Deficit

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U.S. House Speaker John Boenher, R-Ohio, said he's ready to make a deal on raising the government's debt ceiling, even though he's not convinced President Obama is serious about cutting federal spending.

"He's talking about it, but I'm not seeing real action yet," Boehner said during an appearance on the CBS show "Face The Nation" Sunday.

"And I just think this is the moment. We all know what the problems are. Why don't we just deal with them?" he asked. "No more kicking the can down the road. No more whistling past the graveyard."

Boehner said Republicans will not agree to raise the debt ceiling unless the Democrats go along with spending cuts.

He said that tax cuts are the one thing that should not be on the table in the discussion about deficit reduction.

"The top one percent of wage earners in the United States pay 40 percent of the income tax," he told CBS's Harry Smith. "The people he's talking about taxing are the very people that we expect to reinvest in our economy and to create jobs."

The Republican leader said he won't support new taxes.

"Listen, I understand what the president was saying about jeopardizing the full faith in credit of the United States," Boehner said. "I'm ready to cut a deal today."

"We don't have to wait until the eleventh hour," he continued. "But I am not going walk away from this moment. We have a window of opportunity to act. Because if we don't act, the markets are gonna act for us. Our creditors are gonna act for us."

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