Mr. Boehner’s lamentable desire to repeat bad history - Printable Version
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Mr. Boehner’s lamentable desire to repeat bad history - jaxx - 05-17-2012 10:53 AM
By Editorial Board, Published: May 16
IT’S NOT OFTEN that a senior political figure announces an intention to behave irresponsibly and risk inflicting great harm on the U.S. economy. It’s even rarer that the politician, having already behaved irresponsibly and inflicted harm on the U.S. economy, announces his intention to do so again.
Yet that is the situation in which House Speaker John Boehner (R-Ohio) has placed himself. In a speech Tuesday to the Peter G. Peterson Foundation’s fiscal summit, he vowed to use the next debt-ceiling debate to extract additional spending cuts as the price of lifting the country’s borrowing limit.
“Yes, allowing America to default would be irresponsible,” Mr. Boehner said. “But it would be more irresponsible to raise the debt ceiling without taking dramatic steps to reduce spending and reform the budget process.” Actually, no. It would be more irresponsible to risk — again — the United States’ credit rating.
<..> So it is appalling that Mr. Boehner would be willing to repeat this dangerous episode, this time at potentially even greater risk. The Treasury is on target to hit the debt limit by early next year. Mr. Boehner said he will insist on additional spending cuts at least as large as the increase in the ceiling. Speaking to the same gathering, Treasury Secretary Timothy F. Geithner warned that another round of brinkmanship would be irresponsible and expressed hope that Congress will act without “the drama and the pain and the damage they caused the country last July.”
Boehner and the GOP are playing with fire. They're not stupid, they know that they are undermining the economy of the USA with their actions. Does the word traitors fit? Yes.
RE: Mr. Boehner’s lamentable desire to repeat bad history - jaxx - 05-17-2012 10:59 AM
And don't think they won't.