Boehner: Debt Limit Increase Is Obama's Problem
(CNSNews.com) - President Obama "talks a good game," House speaker John Boehner said at a news conference on Tuesday, "but when it comes time to actually putting these issues on the table and making decisions, he can't quite pull the trigger."
Boehner, speaking about the ongoing negotiations to cut government spending as a prelude to raising the nation's debt limit, noted that Republicans have a plan -- they passed a budget in the spring -- but the Democrats don't:
"Where is the president’s plan? When’s he going to lay his cards on the table? This debt limit increase is his problem, and I think it’s time for him to lead by putting his plan on the table -- something that the Congress can pass,” Boehner said in a news release.
Boehner noted that Republicans have been very clear in their demands: Spending cuts have to be larger than the increase in the debt ceiling. There will be no tax increases on the table. And Republicans want "real controls," such as a balanced budget amendment, to make sure the out-of-control spending never happens again.
Boehner is under pressure from conservative Republicans to avoid a compromise that involves tax hikes.
As CNSNews.com has reported, there is no way the U.S. government would need to default on its interest payments on the federal debt if the debt limit is not increased. In fact, federal tax revenues have exceeded federal interest payments on the national debt by more than 10-fold during the presidency of Barack Obama, according to the daily accounting statements published by the U.S. Treasury Department.