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Boehner : No deficit cut = no vote on ceiling

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posted on Apr, 26 2011 @ 03:51 PM
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IMO it's a big bluff, but eh.

Boehner flirts with debt default if Dems don’t accept Medicare cuts

WASHINGTON – Speaker John Boehner (R-OH) said the House may refuse to vote on raising the debt limit, which could force the United States into default in the next few months -- potentially inciting an economic calamity.

"If the president doesn’t get serious about the need to address our fiscal nightmare, yeah, there’s a chance it [the debt limit vote] could not happen," Boehner told Politico in an interview published Monday evening. "But that's not my goal."


The article is lying. The US not raising the debt ceiling WOULD NOT BE DEFAULT. It would mean NO DEFICIT... that means the US government would be forced to live within their means. But eh, saying the truth wouldn't actually push for what the pro-government goons want, a bigger government!

And what he wants to cut...

"I think it’s time to deal with entitlement programs…on the debt ceiling," he added, specifying that Republicans may demand cuts to Medicare and Medicaid -- and limits on discretionary spending -- as part of a deal to raise the borrowing limit.

Making the negotiations even more strenuous for Democrats is that the Speaker took tax increases completely off the table -- the White House says taxes must be part of the solution to cut the deficit.


As always, no cuts in the military budget, nor bringing troops home, nor forcing the FED to stop their printing, nor putting taxes on imports from China... only cutting benefits of the people. big corporations tax breaks, billionaire tax breaks, bank bailouts... yep all good stuff uh?

Another lie :

Economists have warned of a catastrophe if the United States fails to meets its obligations -- a collapse in the financial markets, massive layoffs due to a plunge in consumer demand and a possible depression.

Yeah if they fail their obligations... WHICH THEY WON'T DO since they have tax money to pay the bond market... so NO DEFAULT.

What will probably happen is... medicare will take big cuts, the taxes, if they are raised, will only be raised on the middle class, and the deficit will still be 1+ trillion... and the debt ceiling will still be raised.
edit on 26-4-2011 by Vitchilo because: (no reason given)




posted on Apr, 26 2011 @ 04:52 PM
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A hult on the ceiling would be no more spending. The USA dosent go into defult but will have to structure there debt. (pay whats due first) I believe we could do that for a few months but major cuts will have to happen or the debt ceiling will have to be raised after a few months of restructuring.

Eather way its a blow to the country. 800,000 people stop working and those 800,000 people stop putting money into the market because they lost there jobs. Or we raise the ceiling, moddys and S&P down grades the US Goverment and the USD goes down the toilet.

Eather way the economy is going to crash. its all a matter of time
edit on 26-4-2011 by camaro68ss because: (no reason given)



posted on Apr, 26 2011 @ 05:30 PM
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Just from the way he handled the budget cuts I would have to agree he's blowing smoke. Besides there corperate doners would crap there pants if they did'nt raise it.



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