Monday, July 25, 2011

John Boehner Debt Ceiling Speech: House Speaker Addresses Deficit Talks (VIDEO)

John BoehnerImage via WikipediaWASHINGTON -- House Speaker John Boehner says President Barack Obama wants a blank check from Congress to raise the debt ceiling, but that he's not going to get one.

Boehner says the solution to the debt crisis isn't complicated. He says if you spend more than you take in, you have to spend less.

In his response to Obama's televised address to the nation, Boehner gave no indication of compromise.

"Unfortunately, the president would not take yes for an answer," he said. "Even when we thought we might be close on an agreement, the president's demands changed."

The House speaker did say the U.S. cannot default. He said the crisis would be over if the Senate approves a new House Republican plan to be voted on in the House this week, and if the president signs it.

CBS News' Jill Jackson wrote in a tweet that as Boehner left the Capitol he was overheard saying, "I didn't sign up for going mano-a-mano with the President of the United States."

Obama and Boehner gave dueling remarks just about a week before an Aug. 2 deadline to raise the government's borrowing limit.


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