How is that fiscally responsible? The debts are owed. It is not fiscally responsible to refuse to honor the debts.
And since the debt ceiling was raised o so very many times on Bush's watch - why was he not refused.
He sees the cuts to the military that will take place on 1/1/13 and is trying to backaway from the committments that he and other leaders made when forming the Super Committee. The terms were that if the SC didn't come up with something; autmatic cuts would be made on 1/1/13 and most of them would take place on the defense side of the ledger. Boehner sees this and is trying to wiggle off the hook that he put himself on.
Shockingly (or not), Obama is going to be right there with him on this sooner or later. http://www.usmessageboard.com/politics/221454-january-1-how-much-you-wanna-bet-nothing-changes.html#post5216534
The ironic thing is that Obama may be the only hope for the next 8 years to get real cuts made. It will take a President or Speaker (or both) who are not encumbered by the need to be re-elected since the moves will be seen as such an unpopular move. Which is why Boehner can't stand by his commitment and Obama (likely) doesn't want the cuts to take place. For all of the right-wing bluster about jobs, the military creates a great many of them and is an economic engine in and of itself. Towns like Fayetteville NC who are basically there only because of the military could be devestated by the cutbacks. At least they don't have gay marriage to worry about eh?
I layed it all out a few weeks ago. Romney wins/Obama wins; nothing will change until we get rid of this two-party system that is ruining the country. What is funny is that those who hate unions because they "set themselves up" between the employer and the employee and serve only to enrich themselves, wilfully embrace the political parties who operate in exactly the same way except they set themselves up between the government and the citizen and serve only to enrich themselves.
If you don't believe me, ask yourself when the last time a 3rd party was invited to a Presidential Debate. What...1992?