Speaker Boehner: Failure to get 'serious' about spending cuts holding up budget deal

December 13, 2012

House Speaker John Boehner said Thursday that talks over the looming fiscal crisis have failed to produce a deal because President Obama will not get "serious" about spending cuts. 

In a fresh bid to energize support for major entitlement cuts as part of any agreement, Boehner rolled out a chart that showed federal spending skyrocketing between now and 2041 -- to 40 percent of the nation's total economy. 

The chart showed that revenue from Obama's push to increase taxes on the top 2 percent will only fill in a sliver of that amount. 

"If you look at the spending problem, you see (the additional tax revenue) does nothing," Boehner said. "The president wants to pretend that spending isn't the problem. That's why we don't have an agreement." 

White House Press Secretary Jay Carney, though, said Thursday that Republicans' resistance to tax hikes on top earners is what's holding up an agreement. 

The comments come amid increased pessimism on Capitol Hill about the prospects for a deal any time soon. Lawmakers are at loggerheads over whether to raise taxes on the top 2 percent -- but also Obama's call for unilateral power to increase the debt ceiling, and more stimulus spending. 

Obama on Thursday called the negotiations a "work in progress."

But a senior Democrat told Fox News that at a private dinner Wednesday night, Senate Majority Leader Harry Reid confided to colleagues he now believes getting a deal by Christmas is almost impossible. In private, Reid suggested going off the so-called fiscal cliff is a real possibility -- but thinks a more likely scenario is that the House ends up passing the Senate bill to only extend rates for households making less than $250,000. From there, both chambers would return in January to fight over spending cuts. 

The latest Fox News poll shows 61 percent of voters say major spending cuts are necessary to reduce the deficit. 

House Republican Leader Eric Cantor is vowing that he and fellow Republicans will work through the holidays to reach a deal to avoid a roughly $500 billion mix of automatic tax increases and federal spending cuts that start on Jan. 1. 

FINISH


blog comments powered by Disqus

Wait, HOW Many Dead People Are Voting In This State?

May 25, 2016  03:37 PM

A local news station has uncovered what we all already knew: California is teeming with zombies. Either that, or there is a massive amount of voter fraud in Los Angeles County. KCBS-TV compared state voting records to death records and found that 265 dead people have been casting ballots for years. 86 are registered as […]

The post Wait, HOW Many Dead People Are Voting In This State? appeared first on twitchy.com.

David Axelrod finds a silver lining for Hillary about timing of State Dept's IG report

May 25, 2016  03:15 PM

"It's always about optics for these people."

The post David Axelrod finds a silver lining for Hillary about timing of State Dept’s IG report appeared first on twitchy.com.

Flack-tastic! Hillary campaign spox tries to spin State Dept. OIG report, fails miserably

May 25, 2016  02:07 PM

Brian Fallon conveniently fails to mention a big part of this story.

The post Flack-tastic! Hillary campaign spox tries to spin State Dept. OIG report, fails miserably appeared first on twitchy.com.

Shocker! Guess who Rep. Elijah Cummings blames for Hillary's email shenanigans

May 25, 2016  01:16 PM

Hillary was FORCED into non-compliance?

The post Shocker! Guess who Rep. Elijah Cummings blames for Hillary’s email shenanigans appeared first on twitchy.com.

Is THIS really the endorsement Hillary Clinton was looking for today?

May 25, 2016  12:25 PM

"Subjects of FBI investigations gotta stick together."

The post Is THIS really the endorsement Hillary Clinton was looking for today? appeared first on twitchy.com.

FSM Archives

10 year FSM Anniversary

More in MUST READS ( 1 OF 25 ARTICLES )