via
The New York Times:
Speaker John A. Boehner said Monday that Republicans would insist on trillions of dollars in federal spending cuts in exchange for their support of an increase in the federal debt limit sought by the Obama administration to prevent a government default later this year. In his most specific statement to date on what Republicans will demand in the debt ceiling fight, Mr. Boehner told the Economic Club of New York that the level of spending reductions should exceed the amount of the increase in borrowing power.
“Without significant spending cuts and changes to the way we spend the American people’s money, there will be no debt limit increase,” Mr. Boehner told members of New York’s business and finance community. “And cuts should be greater than the accompanying increase in debt authority the president is given.” Mr. Boehner said those cuts should be in the trillions of dollars, not billions. In the speech, delivered ahead of a second round of debt limit negotiations with the White House and Senate Democrats on Tuesday, Mr. Boehner did not provide a timeframe for when the spending reductions would have to be imposed.
His address came after a leading Senate Democrat, Senator Charles E. Schumer of New York, accused Mr. Boehner of “playing with fire” by holding the debt limit increase hostage to a push for spending cuts and budget restrictions.
“The idea of refusing to raise the debt ceiling should be taken off the table,” Mr. Schumer said in a conference call with reporters before the speech. Mr. Schumer also said he believed that the debt limit increase should be approved by mid-July to reassure nervous credit markets, though the administration has said it can push the deadline into early August.
In his remarks, the speaker expressed strong resistance to the effort by some Senate Democrats and President Obama for an alternative to enacting specific spending cuts as the price for increasing the debt limit: “triggers” that prompt automatic spending reductions and perhaps tax increases if Congress and the White House do not meet targets for lowering the deficit in coming years. That idea has emerged as providing the potential for compromise over the debt increase.
Mr. Boehner said the reductions should be “actual cuts and program reforms, not broad deficit or debt targets that punt the tough questions to the future. And with the exception of tax hikes — which will destroy jobs — everything is on the table.”
These days, government is less about truth, and more about who can spread the most believable lies. That goes for both parties. I try not to put too much faith in the political system at this point, unless I'm voting or seeing where the system is doing its job. That said, in the past year, the tax / spending / debt battle has been one of the most dishonest debates in American history, mostly due to your ignorant postulation, Mr. Boehner.
Leave alone the fact that you're one of those damn, dirty Republicans, whose sole purpose in life for the past 2 years has been to derail anything set forth by Congressional Democrats or President Obama. Forget the fact that your party came into this new century with a national surplus and a Republican president, only to leave with a $15 trillion (and counting) debt. Forget even the fact that your party continually espouses itself as a fighter for the middle class, when through your preferential treatment time and again shows your love for your rich corporate butt-buddies. Just consider this one, solitary truth about the United States budget: our taxes as a nation are at the lowest rate since the 1950s.
And you know it too, Boehner. That's why you continue to push spending cuts to programs that hold together our nation without any promise of compromise. That's why every time the Democrats do grow a pair and push their own spending cuts, you push back with even more grandiose ones. Boehner, for once, can we just look at the raw numbers (the ones your party contracted with outside think-tanks, mind you) and have the TRUTH? I'm tired of seeing mudslinging on both sides. It's not getting our country anywhere, and with every day that passes, the threat of a financial meltdown grows closer. The debt ceiling won't matter if, by the time we fix the ceiling, the cracks have already let a torrential downpour in.
Stop switching the subject to lowering oil prices when you and your party have been caught in bed handing out subsidies and tax breaks to big oil companies. Stop using thinly-veiled religious ideology as reasoning for cuts to Planned Parenthood when, we all know that program is little more than a blip on the national budget. Stop skirting around the issue of military spending, when it's clear that we dole out more for our armed forces than most countries have in the bank! Why are we even considering cuts and drops in education and infrastructure spending? Are you, for such a learned and accomplished public servant, that jaded into believing that trickle-down economics, and not investing in things that will spur innovation and JOBS, actually works? Reagan tried it, both Bush's tried it, and look what happened? DEBT.
John, it's not that I despise you... Well, you're making it hard not to. It's just that you continue to only see one side of the argument that clearly won't work. If we continue to cut things from our government, there will be nothing left to cut. And there certainly won't be much left to tax for anyway, considering our taxes are so low already. Holding the economy hostage like this is a sad reminder of you and your party's short-sighted policies. I shudder to think of where we will end up if you get your way: a desolate, top-heavy, disconnected, disenfranchised, internationally-hated nation with little to us than a name that once held weight. What good is 'balancing the budget' if no one but you, your party and those in your pockets can thrive? This is America, remember? And in America, I seem to remember that A) the truth should always prevail, and B) everyone should have a chance. Your party is ensuring neither is happening...
