WASHINGTON -- House Speaker John Boehner (R-Ohio) laid down a tough
requirement for raising the debt ceiling Thursday, all but ensuring a
reprise of the tense standoff two years ago that saw America's credit
rating downgraded.
Speaking at his regular news conference, Boehner said the only way
the House would go along with raising the country's borrowing cap was if
President Barack Obama and the Democrats came up with an equal amount
in budget cuts.
"Dollar for dollar is the plan," Boehner told reporters, adding that
there have been no major talks on the debt limit at this point.
"The president has been clear that he's not going to address our
entitlement crisis unless we're willing to raise taxes. I think the tax
issue has been resolved," said Boehner. "So at this point then, I don't
know how we're going to go forward."
Those Republicans are such fun people! When you think about how insane this is, its almost funny. OK, so here's the situation: The current Repub mantra is, "we don't have an income problem, we have a spending problem." So, in order to cut our spending, the Repubs are again planning to take the country to the brink of default to get their way. Last time they did this, the credit rating of the US dropped, making it more expensive to borrow money and therefore causing us more to service our debt?
You see how that works? Well, they apparently don't.
