Boehner: No Debt Ceiling Increase Without Cuts

Ad Feedback

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.

Log in or create an account to post a comment.  


Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBN News

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.