Boehner: Obama, Democrats Caused Downgrade

Tuesday, 09 Aug 2011 09:13 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
House Speaker John Boehner says President Obama and the Democrats share all the blame for the recent downgrading of the U.S. credit rating, according to The Hill. Boehner told House GOP members in a conference call Tuesday that if Democrats had joined with Republicans in passing the GOP budget, which the House passed in April, "it's unlikely anyone would be talking about the United States being downgraded today."

boehner blames obama democrats downgradeBoehner said that without passing bold reforms addressing entitlement spending, it was all but certain that the downgrade would happen.

"S&P said in its own report Friday that entitlement reform is the key to long-term financial stability. We passed a budget through the House in April that includes entitlement reform, and cuts more than $6 trillion. The Democrat-controlled Senate and President Obama have prevented most of those reforms from happening. And that's why we have a downgrade," Boehner said in an excerpt of his prepared remarks obtained by The Hill.

He blamed Obama for creating the situation, even as the president and Democrats publicly pointed fingers at the Tea Party.

"The President and the Democratic leadership in Washington are trying to blame the tea party, because they know this downgrade is on [the
Democrats]. When we took the bold step of proposing entitlement reforms, they reacted not by embracing them and joining us, but by demonizing those proposals for political gain," Boehner said.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved