Boehner introduces debt plan, says can pass Senate

WASHINGTON Mon Jul 25, 2011 4:14pm EDT

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WASHINGTON (Reuters) - House Speaker John Boehner, the top Republican in Congress, introduced a new plan on Monday to approve an increase in the debt ceiling based on the principles of the "cut, cap and balance" plan that can pass in the Democratic-controlled Senate.

Boehner said it would be irresponsible for President Barack Obama, a Democrat, to veto the Republican debt plan.

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DrJJJJ wrote:
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that “the buck stops here.” Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” – Sen. Obama March 20, 2006

Jul 25, 2011 7:47pm EDT  --  Report as abuse
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