Boehner: No Debt Ceiling Increase Without Cuts

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House Speaker John Boehner, R-Ohio, says Republicans will once again play hardball when it's time to vote on a debt ceiling increase.

"When the time comes, I will again insist on my simple principle of cuts and reforms greater than the debt limit increase," Boehner said Tuesday in a speech at the Peter G. Peterson Foundation's 2012 fiscal summit.

"This is the only avenue I see right now to force the elected leadership of this country to solve our structural fiscal imbalance," he said.

Republicans took this stance during last summer's debt ceiling fight. Democrats say it brought the country as close as its ever been to defaulting on its loans.

Treasury Secretary Timothy Geithner said he does not support Boehner's condition, saying he hoped Washington could raise the debt ceiling "without the drama and the pain and the damage" of last year.

The economy remains the most important issue to voters, according to a New York Times/CBS News poll. Sixty-two percent say it's their top concern.

During a speech in Iowa on Tuesday, Republican presidential candidate Mitt Romney said President Obama is feeding the spending fire.
   
"We will stop borrowing unfathomable sums of money, we can't even imagine, from foreign countries we're never even going to visit," Romney said. "I will work with you to make sure that we put out this spending and borrowing fire."

The national debt is now $15.7 billion.

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