Tags: Boehner I Prefer Bipartisan Debt Plan

Boehner: I Prefer Bipartisan Debt Plan

By Hiram Reisner   |   Sunday, 24 Jul 2011 10:37 AM

House Speaker John Boehner says he would prefer a bipartisan plan on raising the debt ceiling and he will continue to work on reaching that goal. Boehner also reiterated on “Fox News Sunday” that he wants a plan before the Asian stock markets open today.

boehner bipartisan debt plan“I do believe that a central framework could come together, but it is not in place as we sit here,” Boehner told host Chris Wallace. “I think a preferable path would be a bipartisan plan that involves all of the leaders, but it’s too early to decide whether that’s possible.

“There is going to be a two-stage process — it’s not physically possible to do this in one step,” Boehner said. “Having said that — Chris, I know the president is worried about his next election, but my God shouldn’t we be worried about the country. We’ve got a budget deficit of $1.5 trillion, we’re borrowing 42 cents on every dollar we spend, we have a $14.5 trillion national debt — it is time to get serious about stopping the spending here in Washington, D.C.”

Wallace asked if Boehner was suggesting House Republicans might pass a short-term plan “and in effect dare” the Senate and the White House to block it.

“This is about what’s doable at the 11th hour,” Boehner said. “The House has done its work — we’ve passed a budget, we’ve passed a plan, we’ve passed cut, cap, and balance — and not one time in this whole process have Senate Democrats or this White House passed a budget, put a budget out there, or even put a plan out there.

“The conversations I was having with the president, in case the Senate didn’t pass cut, cap, and balance — there was never a plan from the White House — the whole plan came from us,” he said. “We laid out the framework and at some point they’ve got to lay their cards on the table.”

Wallace noted that Boehner was the one who said that there needs to be a plan before the Asian markets open up this afternoon and wondered how the Speaker thought the markets would react if there was no deal.

“The American people are asking the question where are the jobs — and while Asia may be important, this is about American jobs and the American economy,” Boehner said. “And if we don’t do something serious about controlling our debt — it’s hanging over our entire economy like a wet blanket.

“That’s why I believe that taking serious steps towards solving this problem will in fact breed more confidence in our economy and help create jobs here,” he said. “I’m going to do my best to work with my congressional colleagues — my House Republican colleagues — to be able to put a framework out there today to begin to remove this wet blanket.”

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