Boehner Signals Clash With White House on U.S. Debt Limit
By Roxana Tiron - Jul 24, 2013 12:01 AM ET .
Congressional Republicans are staking their ground in fiscal negotiations that once again could pose the threat of default or a government shutdown -- the recurring theme surrounding efforts to reduce the nation’s deficit since 2011.
“We’re not going to raise the debt ceiling without real cuts in spending,” Boehner, an Ohio Republican, told reporters in Washington yesterday. President Barack Obama and Senate leaders are refusing to accept anything short of a clean debt-limit increase.
“We will not negotiate over Congress’s responsibility to pay the bills that Congress ran up,” White House press secretary Jay Carney said when asked about Boehner’s remarks.
Any discussion about raising the debt ceiling must start with the premise that “we are the United States; we do not default,” Carney said. “The president believes Republican leaders share that conviction.”
Senate Majority Leader Harry Reid, a Nevada Democrat, said yesterday that Democrats are “not negotiating on the debt ceiling.”
Congress should pass a debt-ceiling increase without any “hijinks” to ensure a stable economy, Senator Chuck Schumer, a New York Democrat, told reporters July 18. “Attaching other issues to the debt ceiling is playing with fire,” he said.
Boehner said Congress needs to find “significant cuts” in federal spending to replace $1.2 trillion in across-the-board spending reductions over nine years. Republicans also say they’re determined to make changes to entitlement programs such as Medicare, Medicaid and Social Security.
Republican leaders have weighed whether to spell out the steps and timing of a tax-code rewrite as a trigger for raising the U.S. borrowing limit. Their goal is to curb tax breaks and use the resulting revenue to lower rates.
House Budget Committee Chairman Paul Ryan, a Wisconsin Republican, said he’s been working “for a long time” on a package of spending cuts and government overhauls to be timed with the debt-limit increase. The former vice presidential candidate didn’t provide details. A 2014 budget blueprint he proposed would balance the budget in 10 years. ...Read the rest at Bloomberg News
We'll see whether the Republicans stand their ground.