Washington (CNN) – House Speaker John Boehner says he’s ready to “lock arms” with President Barack Obama on a deficit reduction agreement tied to raising the federal debt ceiling.
Such a deal, reminiscent of past political agreements between presidents and House speakers of different parties, will be necessary to get congressional and White House approval of a measure that allows the U.S. government to increase how much it can borrow, Boehner told the CBS program “Face the Nation” in an interview broadcast Sunday.
“Well, I think it’s the end of this process. It’s going to have to come to that,” Boehner said. “I’ve talked to the president all year, privately, about the fact that we were not going to increase the debt limit without serious changes.”
Boehner said he has told Obama: “Come on, you and I, let’s lock arms and we’ll jump out of the boat together."
“I’m serious about dealing with this, and I hope he’s just as serious,” Boehner said. “No gimmicks … We know what needs to be done. Let’s just do it.”
At the same time, Boehner stuck to hard-line Republican positions by advocating a House-passed budget proposal that would overhaul Medicare and Medicaid while cutting non-military spending. He also continued to reject any kind of tax increase as a way to raise revenue.
Obama contends that Bush-era tax cuts for families earning more than $250,000 a year should be lifted, and some Democrats also are considering a possible surtax on income over $1 million.
Boehner argued that the wealthy already pay the bulk of tax revenues collected, and targeting them now will inhibit investment necessary for job creation.
“The top 1 percent of wage earners in the United States pay 40 percent of the income taxes. The top 10 percent of wage earners pay 90 percent of the income taxes,” Boehner said. “The people he’s talking about taxing are the very people that we expect to reinvest in our economy and to create jobs in our country.”
Unless the Weeper of the House puts military cuts and an end to oil subsidies on the table, and denounces Ryan's wet dream fantasy, he's just blowing hot air. Which is no surprise coming from a wholly owned prostitute for the filthy rich and Friedman/Rand cultists.
the top 10% percent pay 90% of taxes, but they capture about 102% of incremental GDP growth – that's right, wealth is actually being removed from the middle class to fund millionaire's incomes – this is for decade 2000-2010.
Increasing taxes on those making over $250K a year barely even affects people who make less than $300K. It's an extra $1500 taxes on the $50K you made above and beyond $250K!!
Please don't make it should so drastic.
If you make $270K (you are very lucky) the president is asking you pay an extra $600 a YEAR or $50 a month. For someone who makes over $20K a month, you cannot spare $50??? Would we as americans really rather a single parent family working 2 jobs making $1500 a month to cough up that $50?
Congressman Boener – please stop the theatrics and games. When are you going to be HONEST about how your party left the President with the greatest disaster since Hoover? You keep conveniently ignoring the the Defense budget has grown 2x in the last 10 years alone, not to mention other out of control related spending on security. You can't cut Medicare, SS while giving billions away in corporate welfare and ignoring the fact Bush gave away huge breaks to the wealthy...with absolutely no way to pay for it.
The only jobs the rich are creating are jobs overseas taking advantage of cheap labor. Boehner would never lock arms with the president and accomplish anything together. It's all about Obama's failure. Too much party politics and not what's best for the country. WHERE ARE THE JOBS?
Speaker Boehner better keep watching his back because there are Tea Party folks with knives aiming at him and I would not doubt if old buddy Eric Cator is not his "Brutus or Judas". The GOP always claims that they want to do the will of the American people when poll after poll keeps showing that WE The People want the Bush tax cuts to be GONE!! Yet they will not even touch it. Stop the tax breaks for Big Oil and other loopholes for companies that ship our jobs overseas, the GOP won't touch that either. Hopefully the America that was half asleep in November of 2010 will be wide awake in 2012.
"Lock arms"?, better check with McConnell, he's ready to lock horns. NO compromise, no reasonable ideas, no
When they went home for the unearned Spring break, they got an earful regarding Medicare, which is why
they are backing down and Paul Ryan is looking elsewhere to wield his stupidity. This is the kind of power the
people have, not the screeching tea party nonsense.
How is the time to stop the commie-liberal social programs. We can't afford to give more and more money to the elderly.
We could balance the federal budget by simply canceling Social Security, SSI. Medicare and Medicaid. Yes it would be
hard on some of the people. Do I care NO. Why should I be taxes to support these old buggers that failed to plan for their
NOTE TO YOU SENIORS.
If you need help seek it from your family. My wallet is NOT YOUR piggy bank.
Yeah...he's erady to lock arms with the president...as long as he has the other arm free to thrust it stiffly into the air.
We have less memory power or we trap in the politics of momentum. That's the reason we always falls in the hands of Republican. But think every republican is not the LINCOLN.
the repubs are changing their tunes since reading their polls. now they are doing a 180. i would never lock arms with someone i don't trust. i would rather have them jump first.
Boehner is speaking for his real constituents-the wealthy, bankers, wall street, etc.- not the people in his Ohio district, where some of them are having a hard time making it. He is not a true statesman who listens and then makes intelligent decisions that can help the American people who he says he is for. Cutting to his heart's content will not create jobs which he claims it will do. That strategy never worked in the past and it will not work today. It appears that the power of serving as the majority of the House has gone to his head.
John Boehner all you are doing Is Lying again. If you want to Compromise you can't say you can't rise taxes. you being saying this same line of crap now for six years now, It hasn't bring any new JOBS and It never will. It time to get over It MR Boehner. If It would Create Jobs It would have Done It by now. All It doing Is making the RICH even RICHER. Tell the American People MR Boehner why do the Republican trying to do away with the Middle Class,the POOR , The OLD and the disable. Because they are the only people the Republican are going after. But you Republican will find out In 2012 we are trier of this Crap.
These are the same wealthy people who drove us into this economic catastrophe. I think Boehner meant to say these are the same people who create jobs anywhere but our country.
obama is not serious on the debt and never will be. The only hope to sustainable future is to remove from office.
LEFT LANE ENDS MERGE RIGHT NOVEMBER 2012 – NEWRED.ORG
Time to play some hardball with the Republicans. If they demand structural changes to the entitlements, and if they demand to cut more discretionary spending that is intended to strengthen the middle class and provide a safety net for the poor in exchange to raise the debt ceiling, make sure the deal includes cutting out farm subsidies to agribusiness like Cargill or ADM and oil subsidies. Offer another deal to the Republicans with just a straight debt ceiling increase with no attachments. Put these two deals on the table.
I guarantee you Republicans cave in the last second. They'll take the straight debt ceiling increase deal because if the deal includes oil companies and agribusiness to lose billions of dollars, those Republicans will not get the money they need to get re-elected. Furthermore, you'll get the Tea Party whine even more about the debt ceiling deal than the budget compromise and get even more fraction in the GOP.
Play hardball Democrats.... the future prosperity and security of the poor and middle class depend on it.
Hey, Rudy NYC: I'm in PA now, but origionally a born and raised Brooklynite. Your view on "trickle down" is exact. I'm 61 and have never seen anything trickle down, except the pee on my sneakers when the Republicans told me it was raining.
Before we forget, with all this talk about Boehner 'locking arms' with Obama, that Boehner's #1 objective is replacing Obama in 2012. Sounds like a setup to me. "Jump with me off the boat, Obama. What have you to fear?"
Same old, same old. Keep the tax cuts for the "job creators". The only problem is that the tax cuts were already in place when they cut 8 million American jobs. Sorry, Speaker Boehner, if you want the middle class, the poor and the elderly to feel pain, your base has to give a little too. No more handouts to the rich, no more corporate welfare.
Has the Boner now decided the pork projects in his district are included on the chopping block? Boner will work to keep the tax breaks for corporations and the wealthiest Americans. He'll shed crocodile tears for the poor.