Boehner Calls for 'Cut, Cap, and Balance'

J. Scott Applewhite / AP Photo

House Speaker John Boehner of Ohio pauses during a news conference on Capitol Hill in Washington, Tuesday, July 19, 2011. Boehner said he is considering alternative budget plans even as the House takes up a GOP proposal to cap spending and eventually require a balanced budget.

House Speaker John Boehner spoke shortly after President Obama on Monday night, saying he believed the bill known as "Cut, Cap, and Balance" is the best way to deal with the current debt crisis. "Obviously, I believe this bill would pass the House and the Senate, and if the president would sign it, it will end the crisis he has created," Boehner said. The speaker said he believes a tax increase would "destroy job creation," and he blamed President Obama for wanting a "blank check" to increase the size of government.