Boehner released an op-ed today, saying cutting billions of dollars is not enough and that in the next round, trillions will be on the chopping block, fully backing Rep. Paul Ryan's Path to Prosperity as the plan moving forward.
The agreement is far from perfect, and we need to do much more if we're serious about creating new jobs, fixing our spending-driven debt crisis, and ending the uncertainty that continues to plague our economy.
That's why this week, we'll advance our fight from saving billions of dollars to saving trillions of dollars as we turn our full attention to the GOP budget outlined by House Budget Committee Chairman Paul Ryan, R-Wis., aptly titled "The Path to Prosperity."
After days of fearmongering by liberals and the Obama Regime, the GOP leadership is about to cave and give the Overspender-in-Chief a $3 trillion debt limit increase, just in time for his August 3rd fundraising birthday party (Politico).
Quoting a figure of $3 trillion though declining to provide details, McConnell confirmed Sunday morning on CNN’s “State of the Union” that both sides were close to a deal. “We’ve made dramatic progress in that direction,” he told Gloria Borger.
Sen. Chuck Schumer (D-N.Y.), speaking on the same CNN show, also said a deal was close, “If there’s a word that would right here that would sum up the mood, it would be relief. … default is far less of a possibility now than it was a day ago.”
The proposal builds on elements of a House-passed bill credited with saving $917 billion over the next 10 years and raising the ceiling by $900 billion in two increments that should carry the government through the end of this year.
In the interim, a new joint committee would be charged with coming up with an estimated $1.5 trillion in additional deficit reduction, less than targets set in the House measure but still judged sufficient to match Treasury’s remaining borrowing needs to get though the 2012 election year.
I don't trust a joint committee to come up with cuts. It's just a way of "kicking the can down the road" so Boehner can look like he actually did something.
We're about to get screwed! That's not what the election last November was about.
It's time for new leadership in the House and Senate. We can't have these eunuchs like Boehner and McConnell talking tough and then caving at the last minute to make deals that will only increase the deficit even more.