Boehner's Full Fox News Appearance

Tyler Durden's picture

For those who missed it, here is the full video and summary from Boehner's earlier appearance on Fox News Sunday with Chris Wallace. The "Asian market open" strawman is getting closer, and there is absolutely no resolution yet. Ironically, just like with QE3, the all too habituated market will buy every dip (remember: nothing can possibly go wrong in the global Bernanke put regime) easily validating the republicans' paradoxical case that the market can more than survive a failure to reach a debt ceiling hike consensus. In the meantime, even as the S&P surges to unseen heights the economy is on the verge of cannibalizing itself as the government begins scrambling for every available penny of incremental revenue.

From Fox News:


Boehner: Debt Limit Agreement Must Adhere to Principles of "Cut, Cap, & Balance," Be a Two-Stage Process:

"I am going to continue to work with my Congressional colleagues in both parties and my House Republican Conference to try to develop a framework within the 'Cut, Cap and Balance' effort that the House passed this past week. I do believe that such a framework could come together, but it is not in place as we sit here. ... There is going to be a two-stage process. It is not physically possible to do all of this in one step." 

Boehner: President Obama Is Worried About His Next Election, Needs to Get Serious About Cutting Spending:

"Chris, I know the president's worried about his next election. But my God, shouldn't we be worried about the country? We've got a budget deficit of $1.5 trillion; we're borrowing 42 cents on every dollar we spend; we have $14.5 trillion national debt. It is time to get serious about stopping the spending here in Washington, DC."

Boehner: We Need to "Cut, Cap, & Balance" to Instill Confidence In Our Economy:

"The American people are asking the question, 'where are the jobs?' ... I think it's important that we deal with our long-term problem. It's serious. Washington's spending's been out of control, and what's happened over the last two years really shows how much out of control it's gotten: trillion-dollar 'stimulus' plan; a health care plan that we can't afford; all of this extra spending that has not worked, and the spending binge has to stop. And our efforts all year have focused on trying to stop it. And as I look at trying to put together a plan with my colleagues, I am going to work within the framework of 'Cut, Cap, and Balance' because those are the three things that have to happen if we are going to instill confidence in our economy."

Boehner: Balanced Budget Amendment the Best Way to force Washington Get Spending Under Control:

"I continue to believe that a Balanced Budget Amendment is the greatest enforcement mechanism to bring Washington spending under control. ... I'm going to continue to develop a framework within the principles of 'Cut, Cap, and Balance.'"

Boehner: I Don't Want to See Default or Get Close to It:

"I understand the president feels that we need bigger government and more spending here in Washington. I believe allowing the American people to keep more of that money is the best way to create jobs and grow our economy. ... My job on behalf of the country is to find as much common ground as we can to help move the country ahead. ... I am interested in a solution to the problem that we face. I don't want to see default, I don't frankly want to get anywhere close to it."

Boehner: The House Has Done Its Work; It's Time for Democrats to "Lay Their Cards on the Table":

"Remember this ... the House has done its work. We've passed a budget. We've passed a plan. We've passed 'Cut, Cap, and Balance.' And not one time in this whole process have Senate Democrats or White House passed a budget, put a budget out there, or even put a plan out there. The conversations I was having with the president in case the Senate didn't pass 'Cut, Cap, and Balance' -- there was never any plan from the White House. The whole plan came from us. We laid out the framework. And at some point they've got to lay their cards on the table."

Boehner: Republican Majority Has Changed the Focus in Washington to Cutting Spending:

"Think about this remarkable conversation we're having. A year ago we had just passed the health care bill; we had 'stimulus' bill that was passed the year before. It was all about how much more spending Washington could do. And here we are, in the six months after a new Republican majority, and all of the discussion is about how many trillions of dollars we are going to cut. This really is a pretty remarkable change here in Washington, DC."


Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Eireann go Brach's picture

Beavis, Butthead and Boehner, a new cartoon coming from Washington! hehhehhehe Boner, do you go tanning every morning before you go on TV you asshole?

TruthInSunshine's picture



What happens when a significant and hard crash is needed in order to obtain as much public support as possible for instituting dramatic policy/legislative changes (that further subsidize the financial-military-industrial complex at the expense of individual American taxpayers, American small businesses, and even mid-sized American businesses with little or no international operations), yet the crash doesn't take place?


My Response:

The question has an idiotic premise as it presupposes that elected representatives, whose sole constituency is the financial-military-industrial complex, pay attention to 'public support,' as the media is so corrupted, barely a decimal point's worth of the voters in their districts understand the hows & whys of what's being done at the legislative level, but rather cling to taglines tossed out the punditry that fronts for the false left-right paradigm that "freedom loving Americans" cling to.

If that was tl;dr - Elected Representatives no longer have to worry about public opinion of the voters back home because there's no viable alternative to the criminals in CONgress.

darkstar7646's picture

There's another reason it doesn't work -- so many of the people in most parts of the country are reliant on the government that if you do have that "hard crash" event, you would have default WHILE you also have Civil War II.

It would literally be the end of the Republic. I don't even think there's enough money to support both debt service and the military complex -- I believe, if my math's right, you can't service the debt and keep the military going.

trav7777's picture

All as predicted:  remember this.  The zillions to bail out the banks, now it's austerity for everyone else.  The war won't be cut, the monies to the banks will not be clawed back.  They levered the shit out of the gov't to bail THEM out and now they will slice everything else.

Will we pull out of the $1T/year wars?  Nope.  No plan for that.  It's cut everything else.  Cut SS spending to pay for wars that none of us actually want.

Caviar Emptor's picture

Yup it's "Granny, can you spare a dime?"

A Lunatic's picture

Yes, about that war. Why don't we adopt a legitimate defense budget as defined within the framework of the Constitution, as crazy as it sounds. God knows we don't defend our borders, so why is all of this "defense" money being wasted in foreign lands?

ConfederateH's picture

Budgets and spending are the responsibility of the house, but foreign policy falls on he shoulders of the Democratically controlled senate and executive.   So not only are the Democrats obstructing any spending cuts, they are also the true war mongers here.  When are the closet Democrats here at ZH going to stop diverting attention away from Obama's destructive plans for America and the progressives that are supporting it?

minosgal's picture


When I listen to this too-orange Oompa Lumpa, my brain swells as big as Veruca Salt.

OMG. My parents are aged 89 and 90 -- children of the Depression and the (self-named?) Greatest Generation. I was raised to believe.

Now all I want to do is opt out.

Inanity, thy name is Boehner.



darkstar7646's picture

Civil War. NWO-level population reset to follow?

MiguelitoRaton's picture

It would be helpful if the Senate and President could put forth their plans instead of simply shitting on the Congressional plan.

RockyRacoon's picture

Plan?   For what?   The debt ceiling is a separate item on all agendas.   It has been made a focus of the Republicans to bring attention to the debt/deficit problems.   That in itself is a good thing, but the ceiling is another animal altogether.   Just because you come into my front yard with a frisbee doesn't mean that I have to drop what I'm doing and play.   It's just possible that the Republicans may have picked on too large a foe to win the fight.   I applaud their efforts, don't mistake that.   It should be a big battle, but not at the expense of the ceiling.  

Now, for my own personal view:   Default is not a big thing to my thinking.   Gonna happen sooner or later.

chet's picture

The President has been working with Boehner on various plans for weeks.   What he really wants is one that cuts spending by up to $4 trillion, about double what the GOP seems to be shooting for.  That's right, that damn "socialist" Obama wants a deal with twice the spending cuts that the GOP wants.  He'd also like to close some bullshit tax loopholes, that you and I and everyone else know are bullshit.  But that is simply unacceptable to all who teabag and therefore "can't pass the house."

I agree that the Dem senate hasn't done much.  Frankly teh President should have walked away along time ago and left it to Boehner and Reid to hammer out.  We're talking about legislation, from the Legislative Branch, to pay for the spending they've authorized, for the programs they created.  It's been unclear to me why the Prez has put himself in the middle of it in the first place.

skipjack's picture

So, chet-sky, have you seen the President's plan ?  What exactly is it he's proposing to cut ?  How much and out of what programs ?  Point us all to a reference where he lays his cards on the table for all to see.


Uhh, that's right, you can't, because Obozo hasn't specified what he wants to do.  He's tossed a number out there, but there is nothing specific to back up that number he says he's willing to do.  He's a lying cocksucking tool, playing you and everyone like you for fools.


How do you know a politician is lying ?  Either his lips are moving or it comes in the form of a vague statement by sycophantts.

chet's picture

1) He's negotiating.  You meet, you work through ideas, you try to get to what will work before you put it on paper. The parameters of Obama's plan have leaked over the past few weeks.  They include larger cuts than the GOP is working for, including entitlement reform, which is hardly a small offer.

2)  When dealing with the Dems, the GOP always operates on bad faith.  Always.  So if the President puts anything in writing it won't be used by the GOP to work out a deal, it will be used by the GOP to attack him and score political points.  (The Dems are guilty of this too, but not to the absolutely-without-fail-every-time extent that the GOP does it.)

The GOP wants to destory the president, and right now they're finding out just how far they'll go to do it.  I don't think that even they know for sure.

r101958's picture

Riiiiiiiight.....what a crock!

FlyPaper's picture

Total bull, Chet-ster.  Have you read the GOP legislation passed last week?  You ought to.  Can you read Obama's legislation?  No - nothing on paper.  Using "negotiating" as a cover for the "let's talk and then say what you said isn't what you meant.

I'll be much more interested when Obama puts it on paper.  Until then, we don't have anything to go by.


trav7777's picture

$4T over what, 10 years?  That wouldn't close 1/4 of the real deficit

Sudden Debt's picture


And nobody ever mentions that Republicans created this mess starting under Reagan !

Even back then, the US BORROWED 100 MILLION DOLLARS A WEEK from China!



FlyPaper's picture

How bout we ratchet back to Vietnam, Kennedy, Johnson and Nixon: they paid for Vietnam by going off the gold standard; then they raided social security funds (Johnson) to pay for that and the new deal.  So IMO it goes back much further than Reagan.  Nixon was a clueless idiot on economic issues.

Have been puzzled by why we look at the President re: debt, when its Congress who creates and signs the spending.  So under Reagan we had "D" in the House and Senate for 6 years - last 2 Senate went R?  And under Clinton, we had Congress under 'R' control when the "supposed" budget surplus appeared (no surplus if you don't swipe the SS funds).

R's f-d up under Bush.  No question.  Bush = bad fiscal juju.  Obama = worse fiscal juju.  


Conrad Murray's picture

Full faith and credit! Confidence! Bipartisan nutsuckers! Confidence! Markets! CONfidence. Fuck you Boner. And FUCK YOU WASHINGTON!

foxmuldar's picture

You forgot Fuck you Obama and your socialist party.

cossack55's picture

I just GOT to find his barber.

snowball777's picture

Epic 1337 awesomesauce, Banzai. Priceless.

nobita's picture

You rock Banzai!

On another note, the swedish media barely reports at all about our incomprehensible involvment in Libya. Gutless bastards spending all day klickwhoring posting celebrity nipslip pics.

This is supposedly the freest press in the whole world. The most disturbing thing to me is that to get the truth nowadays one would be best served to go to That's right it is now better to get your news from the fucking Kremlin than what was once the freest and greatest press in the world. Nice.

End rant.

cossack55's picture

What a sad joke. Luckily I'm a dystopian. 

rajat_bhatia's picture

Here i'm again fellas, my gold shorts are gonna pay me big time tomorrow, when the market opens

BlackSea's picture

Look, if you got nothing interesting to say, STFU!

Do you really think anyone gives a flying f..k about your trading position?

Captain Planet's picture

BlackSea, relax, rajat is just another Hamy Wagner, a joke on all the moronic trolls out there. 

don't look too deep into his words, they are just well crafted sarcasm, so in turn, with that understanding, look very deeply into the words

edit: but to be honest, and someone has already said this, rajat is boring as hell. 

Wheres Hamy? Guess he bolted once people outed him. 

rajat_bhatia's picture

Thank you Sir, for your understanding, I'm indeed boring as hell. I know that. But what does that say about the merry people who reply to my posts?

snowball777's picture

You transmuted your copper shorts into gold overnight, dingleberry?

Doyle Hargraves's picture

Long Ruger, ammo, and gold, short morons like you!

Flakmeister's picture

umm... didn't you mean "shot morons like you"?

Doyle Hargraves's picture

Thanks for the correction, it is still early here...

kito's picture

youre gonna be taking a crap in your gold shorts shortly

Doyle Hargraves's picture


If it gets too bad for the rat I will trade him his crappy gold shorts for some of my patented cement shoes!

knukles's picture

The gold market will be open today.  You don't have to wait for tomorrow if you're here, now.
Gold will not do badly, old boy.
Uncertainty and fiscal irresponsibility breed contempt... for fiat.

HungrySeagull's picture

Quiet you. Take a dip into the Ganges.

There is a LITTLE bit of talk in GENERAL here and there about topics of different kinds. Until you learn to stop hyping your own trades, no one is going to pay attention.

Contribute something else beside the damn Gold and Silver blah blah.. we know that already.


Once in a while someone says something that is quite useful. But mouth shut, ears open.

traderjoe's picture

You said you covered on the India markets. Give this guy a -1 so he disappears.

Manzilla's picture

I highly doubt you know one thing about trading. Move on sir.

Use of Weapons's picture

Robotraders' job got outsourced?


Times are tough in this economic climate. [Spoiler: guy is 28, runs a trading house, and is currently sleeping on the office floor due to lack of revenue]

equity_momo's picture

Dude , you're trapped in a 2008 timewarp if you think the dollar is going to outperform Gold in a risk-off scenario.   When was the last time a defaulting Nations currency rallied? When was the last time raising the debt ceiling hurt gold? Gold is win/win.  Youre entering the twilight zone so buckle up.  

For the paper schmucks out there , Mr Fat Fingers has been doing his exercises and is ready to have a fit all over his keyboard.

Manzilla's picture

How's that gold short doing? By the way, the market opens today for the metal. Not tomorrow.