New York (CNNMoney) - House Speaker John Boehner warned Tuesday that he won't permit another increase in the debt ceiling without a larger amount of spending cuts and reforms approved in tandem.
"When the time comes, I will again insist on my simple principle of cuts and reforms greater than the debt limit increase. This is the only avenue I see ... to force the elected leadership of this country to solve our structural fiscal imbalance," Boehner said at a fiscal summit sponsored by the Peter G. Peterson Foundation, according to prepared remarks.
Watch more Tuesday on CNN's "Erin Burnett OutFront" at 7 p.m. ET.
Why should we believe Mr. Boehner is the question, or any of the Tea/Republicans. Last August as Mr. Boehner said,"I got 98% of what I wanted," when they were trying to reach agreement on the debt ceiling increases. Now the Tea/Republicans are backing away from the deal that could not be arranged by the Super Committee in December. If they back track on the 98% wanted now, do they really mean what they say or is it nothing more than Hogwash
Big BOY is talking again. the puppet of the Tea Party. The do nothing since 2010 and expects to be re elected. This is just a continuing battle that Republicans are having against Obama. Distracting from the real issues. Republicians are so far right. Vote smart Seniors and college students because Republicans are going to trash your funds.
So approve the cuts, dingaling. The party of no stretches on and on.
Here, Here, Mr. Speaker!
Stick to your guns John. Don't let the Democrats and Obama spend this country into bankruptcy. Help is coming this November so we can get this country back on track and out of the hands of the fiscally irresponsible Democrats that want to drive the country into the financial abyss.
Are you honestly starting this nonsense again? Aren't you the guy's who agreed to cuts in military spending when you blackmailed – sorry compromised – on the last increase? You know, the ones you want to take back now? And again you make demands?! Vote for the increase, sit down and shut up. We have had it with you trying to destroy America for your own personal gains.
Oh, and dust off your resume. You are going to need it in November.
A reasonable expectation, as long as expense cuts include the defense budget as well as discretionary domestic spending.
This country has debt as any country, business or person has because they do not manage the money they have. So lets look at whomismanaged our money the worst – the Republicans – as always for their rich friends benefit – Who managed the manoey the best -the democrats – while helping thsoe who could not help themselves thanks to the republcans – Bonehead boehner is a republican nobody who will hopefully be out of work this time next year!
Speaker Boehner is the most irrelevant House Speaker ever. It pains me to see such an incompetent person third in line to the presidency. This is America for heavens sake. Other nations look upto us. How on earth did we allow this guy to become speaker of the House? Boehner has neither vision or coherent notion of public policy. I hope that he is swept out of office and congress in Nov.
If our tax money is not being spent on unfunded unnecessary wars, unfunded tax cuts, unfunded drug programs, unfunded tax breaks for big oil, or TARP; then the republicans are concerned about debt. $12 trillion in republican debt is OK, but no money can now be spent putting people back to work.
Only two sacred cows for Boehner--- Avoid raising taxes on the rich and increasing defense spending. All else hardly matters..........
@Nobama – "Are we really stupid????"...
Unfortunately, categorically, absolutely.. YES !! We are individually intelligent but as a group have the collective IQ of MUD. The proof of that is in the belief that the Grand Obstructionist Party and it's fllip-flooper [presumed] candidate Mittens, will MAGICALLY fix all that ails the country. Given the incredible HISTORIC failure of their policies, they want ot give us an UNFUNDED 20% tax cut. That appeals to the basest of instincts, but leaves a $1.4T deficit in year #1 – yet folks fall for this stuff??. The party of "NO" has no candidate, no platform, no workable policies, no vision and no compromise, and thus no chance in Nov when folks with a modicum of intelligence go vote...
"The GOP solution is to Cut everything past the point of no return. No balance, just slash and burn mentality."
It's the epitome of doublethink: "we had to burn the village to save it."
when the middle class republican and democrats come together and demand MADE IN AMERICA america will be america again,instead of the worlds dumping ground
Republicans need to understand the middle class can NO LONGER afford the GOP's perpetual pandering to the very rich. We simply can't afford it! Set the top tax bracket to where it was in 1952!
John can cry for sympathy from here until doomsday, but he will always be remembered as the most ineffective speaker in the history of the United States.
Hey Boehner- the time has come- DO SOMETHING NOW! Come up with a logical, fair proposal that works for everyone, but do it now.