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Boehner on Budgets

Boehner has announced that tax increases are "off the table" in negotiations on deficit reduction and posited $2 trillion in spending cuts as the price for GOP accedence to a higher debt ceiling. 

What some are suggesting is we take the money from people who would invest in our economy and create jobs and give it to the government. The fact is you can't tax the people we expect to invest in the economy and create jobs. Washington doesn't have a revenue problem. Washington has a spending problem.

These are words to make a Tea Partier smile. Now, if Boehner can just keep from collapsing as he did with last year's budget debacle, he may gain some credibility with those same Tea Partiers and earn their zeal in 2012.

Categories > Economy

Discussions - 1 Comment

Let's hope this is just the opening gambit. You ain't getting out of this in time without some increases in revenue. (See David Stockman on this point, recalling tax increases shepherded through Congress by Ronald Reagan and Robert Dole in 1982).

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