hat tip-Think Progress
Boehner Admits Failing To Raise Debt Ceiling Would Be ‘A Disaster,’ But Takes It Hostage Anyway
Earlier this month, House Budget Committee Chairman Paul Ryan (R-WI) admitted during an appearance at the National Press Club that failing to raise the nation’s debt ceiling when the legal borrowing limit is reached in the coming months is “unworkable.” “Does it have to be raised? Yes, you can’t not raise the debt ceiling,” Ryan said. However, acknowledging that reality didn’t stop Ryan from taking the debt ceiling hostage to unspecified spending cuts and “fiscal controls.”
Today, on Fox News Sunday, Speaker of the House John Boehner (R-OH) pulled a similar stunt. He first said that House Republicans aren’t willing to raise the debt ceiling unless doing so is accompanied by deep spending cuts, but then admitted that failing to raise the debt ceiling would be a “disaster”:
That would be a financial disaster, not only for our country but for the worldwide economy. Remember, the American people on election day said, ‘we want to cut spending and we want to create jobs.’ And you can’t create jobs if you default on the federal debt.
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