GOP Vows Debt- Ceiling Showdown

Carolyn Kaster / AP Photo

In this July 26, 2011 file photo, House Speaker John Boehner of Ohio pauses during a news conference at The Republican National Committee on Capitol Hill in Washington. Boehner, a career politician who once cut deals with Ted Kennedy, finds himself with a powerful title in confronting the debt crisis but little room to maneuver between his party’s right wing and the Democrats who control the Senate and White House.

Republicans went for a fiscal one-two against President Obama Tuesday, with Mitt Romney jabbing the president from the campaign stump and House speaker John Boehner saying he’d repeat last year’s debt-ceiling stalemate if he didn’t see cuts in federal spending. In January of the coming year, $8 trillion in tax increases and spending cuts are scheduled to kick in for Americans, and Boehner said in a speech on Capitol Hill that it’s time to cut out more spending and extend the Bush tax cuts. “To get on the path to prosperity, we have to avoid the fiscal cliff, but we need to start today,” Boehner said. Democrats criticized Boehner for threatening to hold the country’s finances hostage to serve his party’s ends.