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John Boehner admits debt ceiling will be raised

by Phantom Ace ( 2 Comments › )
Filed under Economy, Headlines, Republican Party at May 17th, 2011 - 5:40 pm

Liberal Republican Speaker John Boehner admitted to a constituency that the debt ceiling will have to be raised many times. This shows he’s not serious about debt and deficit reduction. Clearly this whole debt ceiling debate is just public posturing to appear as if they are serious about the budget.

DAYTON, Ohio (Reuters) – This John Boehner was not the John Boehner that Tea Party leaders in the room thought they knew.

[….]

The private April 25 meeting was convened by the Speaker of the U.S. House of Representatives at the request of Tea Party leaders, who were seething over recent Republican compromises, most notably on the 2011 budget.

One of the 25 or so leaders, all from Boehner’s district, asked him if Republicans would raise America’s $14.3 trillion debt limit.

According to half a dozen attendees interviewed by Reuters, the most powerful Republican in Washington said “yes.”

“And we’re going to have to raise it again in the future,” he added. With the mass retirement of America’s Baby Boomers, he explained, it would take 20 years to balance the U.S. budget and 30 years after that to erase the nation’s huge fiscal deficit.

Boehner, we don’t have 50 years to get our house in order. I will give John Boehner credit, he’s being honest that the Congressional GOP is not serious.

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