President Obama and Speaker John Boehner (R-Ohio) both sought to get the upper hand Monday in the fight over reining in the federal deficit.
While Obama invited Senate Democrats and Republicans to the White House for meetings later this week, Boehner told a New York audience that the $14.3 trillion debt ceiling should be raised only if spending is cut by an amount greater than the increase to the borrowing limit.
Advertisement - story continues below
That’s a knee-slapper…
President Obama tripled the national deficit his first year in office. His second year wasn’t any better.
The Obama deficit this year will reach $1.65 trillion. (The Captain’s Comments)
Obama increased the debt by nearly $4 trillion in two years.
Two months ago Obama warned that cutting government spending would hurt the economy.
He has no intention of reducing the deficit.
More proof: The Obama Administration just redistributed Amtrak and rail projects to 15 states after the Florida governor canceled plans for the $2 billion high-speed train service in his state.