Gingrich: No ‘Blank-Check Debt Ceiling’

Former House Speaker Newt Gingrich says he would not agree to any “blank-check debt ceiling” and any increase in the limit should be linked to spending cuts, Politico says.

“I think Speaker John Boehner came up with a very good formula,” Gingrich said Sunday on "Meet the Press."

"It’s like a reassess — It’s not on, off, it’s not yes, no. It is, ‘Mr. President how many spending cuts are you willing to accept?’” Gingrich said. “We’ll give you the same dollar value of debt-ceiling increase that you give us in spending cuts.'"

If the two sides can’t come to an agreement, Gingrich proposed a short-term solution of negotiating the debt ceiling “every three weeks.”