CBO sends Boehner back to drawing board
July 26th, 2011
08:11 PM ET
3 years ago

CBO sends Boehner back to drawing board

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NEW YORK (CNNMoney) - With the clock ticking down, House Speaker John Boehner will rewrite his debt ceiling legislation to ensure that it meets his oft-stated pledge to cut spending more than Congress increases the federal borrowing limit.

That was the word from Boehner's office after the Congressional Budget Office on Tuesday evening estimated that the Budget Control Act of 2011 would reduce deficits by only $851 billion over 10 years.

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Filed under: Congressional Budget Office • Debt • Deficit • John Boehner
soundoff (14 Responses)
  1. The Greedy Old Pigs have declared class war on US!

    Like we need even more evidence the GOBPbaggers are horrible at basic fiscal management and budgetary math. History has taught us that since Reagan was in office.

    July 26, 2011 08:21 pm at 8:21 pm |
  2. ThinkAgain

    Trickle-down economics blasted by its author, David Stockman, as a failure ... cutting taxes during wartime, unprecedented in our nation's history ... no change in policy course to continue cutting taxes for the wealthy, even though it doesn't create jobs here in the US and took the Clinton surplus and turned it into a deficit ...

    These Republicans don't know DIDDLY about economics or how to grow our economy.

    That's been PROVEN time and time and time again!

    Go home, Boehner – you and your party are WORTHLESS!

    July 26, 2011 09:00 pm at 9:00 pm |
  3. Liberal4Obama

    How embarrassing, Boehner and his Tea Bagger crew are just plain inept

    July 26, 2011 09:02 pm at 9:02 pm |
  4. American

    Voters will send Boehner back to OHIO!

    July 26, 2011 09:33 pm at 9:33 pm |
  5. Katie B from NC

    This guy isn't very good at his job, is he?

    July 26, 2011 09:35 pm at 9:35 pm |
  6. SPENDMO

    What are they cutting? They are keeping that a secret from the American people.

    July 26, 2011 10:12 pm at 10:12 pm |
  7. JSH

    The GOP will be the downfall of the USA! WE MUST VOTE OUT THE CONSERVATIVE MENANCE!

    July 26, 2011 11:04 pm at 11:04 pm |
  8. GOP has a tea problem, not a party?

    WOW! and to think this guy walk away from a 4.7 trillion deal. Speaker Boehner is twisting in the winds.

    July 26, 2011 11:45 pm at 11:45 pm |
  9. SOUTHERN HOTTIE

    Capitulating to your fringe base ain't gonna work, Boehner. Do your job. Oh, where are the jobs, jobs, jobs, and yet again, jobs?

    July 27, 2011 12:01 am at 12:01 am |
  10. ABM

    What a JOKE. Does the GOP know how to add or subtract? This whole thing is a joke on America. Time to vote these folks out.

    July 27, 2011 12:39 am at 12:39 am |
  11. TerminalSanity

    Honestly what does Bohner and the House GOP Reps think they're going to accomplish by passing a a piece of legislation that's DOA in senate? Hell the rating agency Moodys have gone on the record stating they'll still lower the U.S.'s AAA bond rating if the Bohner plan passes precisely because it doesn't take us through the next year. Its time he faces the fact that there's no spinning this mess into a political victory for GOP or anyone else for that matter and sign on to a comprmised bill.

    July 27, 2011 01:14 am at 1:14 am |
  12. kat

    hey great idea, how about starting by eliminating all the czars appointed by BHO, that would save a bundle in salaries, then maybe cutting all the fraud in Welfare and disabilities plus greedy doctors who use medicare/medicaid fraud to rake in millions, stop the stupid earmarks and pork projects, I think maybe we could be waaay ahead if we just used a little common sense... oh I forgot, there's no common sense in Washinton.

    July 27, 2011 01:59 am at 1:59 am |
  13. Chris m

    Yea right. Compare those figure to the $4 thrillion proposed by the president and anyone can see where the trouble lies. Gop are a funny bunch.

    July 27, 2011 05:49 am at 5:49 am |
  14. Ron

    Johhy, you have to proof read your work before you submit if for grade!

    July 27, 2011 07:40 am at 7:40 am |