I Think John Boehner Is An Idiot
From:
ThinkProgress.org
May 15, 2012
Last August, the nation narrowly avoided hitting it's debt limit thanks to a last minute deal cut by Congress.
House Republicans had threatened to push the country into default unless Democrats agreed to spending cuts that were larger than the amount of the debt limit increase
This episode is widely regarded as an embarrassment for good governance and a blow for the economy.
Standard & Poors, even with the deal, downgraded America's credit rating, citing the GOP's complete intransigence regarding revenue increases.
But it seems Speaker of the House John Boehner (R-OH) is ready to write the sequel, as he will reportedly demand today that the next increase in the debt limit follow the same GOP criteria:
In a speech Tuesday, House Speaker John A. Boehner (R-OHIO) plans to address the issue of
national debt, which will once again be nearing it's legal limit in January, just as the tax hikes
and spending cuts are due to hit.
According to advance remarks provided to the Post, Boehner will insist that any increase in the
debt limit be accompanied by spending "cuts and reforms greater than the debt limit increase"
-- the same demand that pushed the Treasury to the brink of default during last summer's debt-limit
standoff.
According to the Economic Policy Institute, the cuts demanded by the GOP in exchange for raising the debt limit will cost the economy 1.8 million jobs this year
Treasury Secretary Tim Geithner already pushed back on Boehner's remark saying "this commitment to protect the creditworthiness of the country, is a fundamental commitment that you can never call into question or violate."
http;//thinkprogress.org/economy/2012/05/15/484255/boehner-debt-limit-sequel/
.
ThinkProgress.org
May 15, 2012
Last August, the nation narrowly avoided hitting it's debt limit thanks to a last minute deal cut by Congress.
House Republicans had threatened to push the country into default unless Democrats agreed to spending cuts that were larger than the amount of the debt limit increase
This episode is widely regarded as an embarrassment for good governance and a blow for the economy.
Standard & Poors, even with the deal, downgraded America's credit rating, citing the GOP's complete intransigence regarding revenue increases.
But it seems Speaker of the House John Boehner (R-OH) is ready to write the sequel, as he will reportedly demand today that the next increase in the debt limit follow the same GOP criteria:
In a speech Tuesday, House Speaker John A. Boehner (R-OHIO) plans to address the issue of
national debt, which will once again be nearing it's legal limit in January, just as the tax hikes
and spending cuts are due to hit.
According to advance remarks provided to the Post, Boehner will insist that any increase in the
debt limit be accompanied by spending "cuts and reforms greater than the debt limit increase"
-- the same demand that pushed the Treasury to the brink of default during last summer's debt-limit
standoff.
According to the Economic Policy Institute, the cuts demanded by the GOP in exchange for raising the debt limit will cost the economy 1.8 million jobs this year
Treasury Secretary Tim Geithner already pushed back on Boehner's remark saying "this commitment to protect the creditworthiness of the country, is a fundamental commitment that you can never call into question or violate."
http;//thinkprogress.org/economy/2012/05/15/484255/boehner-debt-limit-sequel/
.
By:
goodogstay
Age:
46-50
,
Male
