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House Speaker John Boehner: Spending Cuts in ‘Trillions’

House Speaker John Boehner said Monday that he wants to implement “significant spending cuts” in “trillions, not just billions” in exchange for raising the debt ceiling. “They should be actual cuts and real reforms to these programs, not broad deficit or debt targets that punt the tough questions to the future,” Boehner said. Boehner also said tax hikes would “destroy jobs.” It’s unclear exactly what “trillions” Boehner was referring to, but congressional sources say the House is expected to vote soon to increase the debt ceiling to $2 trillion. His remarks, to the Economic Club of New York, came on the say day that Tea Party activists called him a “surrenderist … who waves the white flag before the first shot is fired.”

May 10, 2011 4:17 AM