Speaker of the House John Boehner is done playing small ball on debt.
During a speech at the Peter G. Peterson Foundation fiscal summit on Tuesday, Boehner said that the president lacked courage to deal with the looming fiscal crisis, pledging to bring the debt ceiling fight to the foreground before the election – citing that it was time to deal with the fiscal cliff now, before we go over it. That mantra clashed with the Administration during a bi-partisan showdown at the White House yesterday that the president had planned on for gathering support for his economic “to-do list.” The Hill reports:
Boehner asked Obama if he was proposing that Congress increase the debt limit without corresponding spending cuts, according to a readout of the meeting from the Speaker’s office. The president replied, “Yes.” At that point, Boehner told Obama, “As long as I’m around here, I’m not going to allow a debt-ceiling increase without doing something serious about the debt.”
Is Boehner right to want to deal with an integral facet of the looming Taxmegeddon, or is the Speaker playing politics for the sake of playing politics at a time of global economic uncertainty?
The Speaker’s action was the fist topic of discussion on “Real News” Tuesday, where not everyone on the panel was in agreement on whether dealing with the debt now is a responsible course of action. Watch a clip: