DontBeStupid
Look it up!
Boehner: Obama has no debt plan. Republicans do - Political Hotsheet - CBS News
Couple things.
1) We don't need a plan to pay down the debt right now. What we need is a plan to grow the economy, and the GOP plan won't do that. Why?
2) 18% of our GDP is $2.6T which would mean that $1.2T would need to be cut from the government, which would of course lower our GDP and require additional cuts. Basically though, all discretionary spending (military included) would need to end under the GOP "plan".
3) Why is Boehner whining over Obama's leadership, when Boehner is Speaker of the House, the actual group of people who vote on this whole damn thing in the first place.
The House next week will take a vote to raise the debt ceiling and pass a balanced budget amendment, House Republican leaders said today.
The plan is unlikely to go anywhere, since a balanced budget amendment would likely fail in the Democrat-led Senate, but GOP leaders nevertheless called it a serious plan to raise the debt ceiling.
The "cut, cap and balance" proposal would make raising the debt ceiling contingent on Congress sending a balanced budget amendment to the states. It would also cap government spending at 18 percent of Gross Domestic Product over the next 10 years.
"I don't want to preclude any chance of coming to an agreement, but [Democrats have] been unwilling to put a real plan on the table," Boehner said. "Without serious spending cuts or real reform to entitlement programs, this problem is not going to be solved."
Couple things.
1) We don't need a plan to pay down the debt right now. What we need is a plan to grow the economy, and the GOP plan won't do that. Why?
2) 18% of our GDP is $2.6T which would mean that $1.2T would need to be cut from the government, which would of course lower our GDP and require additional cuts. Basically though, all discretionary spending (military included) would need to end under the GOP "plan".
3) Why is Boehner whining over Obama's leadership, when Boehner is Speaker of the House, the actual group of people who vote on this whole damn thing in the first place.