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Boehner Blinks: America Loses!

July 10, 2011
John Lillpop, CFP
Source …..

House Speaker John Boehner has apparently decided that America’s financial problems are not that grave after all.

As reported in part:

“House Speaker John A. Boehner (R-Ohio) abandoned efforts Saturday night to reach a comprehensive debt-reduction deal, telling President Obama that a mid-size package was the only politically possible alternative to avoid a first-ever default on the nation’s mounting national debt.

After speaking with Obama—who is hosting a key meeting Sunday evening on steps forward on the debt issue—Boehner issued the following statement:

“Despite good-faith efforts to find common ground, the White House will not pursue a bigger debt reduction agreement without tax hikes. I believe the best approach may be to focus on producing a smaller measure, based on the cuts identified in the Biden-led negotiations, that still meets our call for spending reforms and cuts greater than the amount of any debt limit increase.”

Good faith effort from the White House, Mr. Speaker?

Are you serious?

Exactly what flavor of Kool-Aid did Obama serve, sir?

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