No Surprise In Boehner's Response To Obama's Latest Proposal

Tyler Durden's picture

Because the Act 1 of any political drama out of DC deserves an Act 2...

Just released by Boehner:

 

House Speaker John Boehner (R-OH) issued the following statement in response to the President’s latest debt plan.

 

“Pitting one group of Americans against another is not leadership. The Joint Select Committee is engaged in serious work to tackle a serious problem: the debt crisis that is making it harder to get our economy growing and create more American jobs.  Unfortunately, the President has not made a serious contribution to its work today.  This administration’s insistence on raising taxes on job creators and its reluctance to take the steps necessary to strengthen our entitlement programs are the reasons the president and I were not able to reach an agreement previously, and it is evident today that these barriers remain.”

 

NOTE:  The President’s proposal would raise taxes on both small businesses and on private capital, which is the essential ingredient for job creation in our economy.  By declining to support structural improvements to strengthen our entitlement programs, the President has chosen to ignore the warnings about our debt crisis sent by the markets in August – leaving Americans exposed to the possibility of further downgrades that will further damage confidence and make it harder for our economy to grow and create jobs.