Boehner's Debt Limit Bid - The American Spectator | USA News and Politics
Boehner’s Debt Limit Bid

At a speech tonight for the Economic Club of New York, John Boehner will try to establish a new bargaining position for the debt limit vote, one that would set trillions, not billions, of dollars as the baseline. From an excerpt from the speech: 

Without significant spending cuts and reforms to reduce our debt, there will be no debt limit increase.  And the cuts should be greater than the accompanying increase in debt authority the president is given.  We should be talking about cuts of trillions, not just billions. 

The Treasury has estimated that the limit would have to be raised by $2 trillion to avoid further hikes before the 2012 elections. By Boehner’s formula, that would entail spending cuts of more than $2 trillion, which would be far larger than any previous spending reductions, and much larger than anything Republicans have proposed. 

While $2 trillion in spending cuts is almost certainly an unattainable goal, framing the negotiations as a matter of trillions and note billions is an aggressive move by Boehner. 

Sign Up to receive Our Latest Updates! Register

Notice to Readers: The American Spectator and Spectator World are marks used by independent publishing companies that are not affiliated in any way. If you are looking for The Spectator World please click on the following link:

Be a Free Market Loving Patriot. Subscribe Today!

Stop the Inflation Grinch From Stealing Christmas!

That’s right, the Grinch (Joe Biden) is coming for your pocketbooks this Christmas season with record inflation. Just to recap, here is a list of items that have gone up during his reign. 

Gas: 40%+
Beef: 20%+
Used Cars: 20%+
Lodging: 17%
Eggs: 13%

What hasn’t increased? The cost to subscribe to The American Spectator! For a limited time, we are offering our popular yearly subscription for only $49.99. Lock in the lowest price of the year by subscribing today

The Grinch Stole Christmas Sale
Commander-in-chief of Christmas inflation