Speaker Boehner's plan lasted all of a few hours after having been released this morning. Speaker Boehner even called in live to the Rush Limbaugh show this afternoon... not without precedent, but rather rare. After Boehner explained his "plan", there was a painfully awkward silence. His plan immediately raises the debt limit by over $1 Trillion, whilst cutting a similar amount of "spending".... over the next 10 years. So next years spending cuts shall at best amount to $100 Billion. The United States government increases its national debt by $100 Billion every month (!) ... and that amount is set to continue growing in years to come.
Furthermore, as a new federal budget is produced each year (well, a budget WAS produced each year until Obama & Co. came to town... we've gone over 800 days without one), and no Congress can force action on a future Congress, the final 9 years of the Boehner plan are completely meaningless.
$1 of spending cuts (REAL cuts, mind you...) for $1 of debt limit extension. It's as simple as that.
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