12-03-2012, 12:04 PM
BOEHNER: You know, it can be part of the package if they want to count it. But where are the next $3 trillion or $4 trillion, $5 trillion worth of reductions that need to happen if we're going to put America on a fiscally sustainable path?
I mean, think about the proposal we got from the president. If we gave the president $1.6 trillion of new money, what do you think he'd do with it? He's going to spend it. That's what Washington does.
WALLACE: You don't think -- you don't believe he'd use it to help pay down the debt?
BOEHNER: He'll spend it. Look at the fact that they put $400 billion worth of unspecified cuts that they'd be willing to talk about, but yet at the same time, that's over $400 billion over 10 years. While he wants over $400 billion in new stimulus spending.
This is -- this is -- it's an unserious proposal.
And that is the truth.
And Obabma wants more money for another stimulus package. Plus he wants to be able to raise the debt ceiling with out Congressional approval.
I mean, think about the proposal we got from the president. If we gave the president $1.6 trillion of new money, what do you think he'd do with it? He's going to spend it. That's what Washington does.
WALLACE: You don't think -- you don't believe he'd use it to help pay down the debt?
BOEHNER: He'll spend it. Look at the fact that they put $400 billion worth of unspecified cuts that they'd be willing to talk about, but yet at the same time, that's over $400 billion over 10 years. While he wants over $400 billion in new stimulus spending.
This is -- this is -- it's an unserious proposal.
And that is the truth.
And Obabma wants more money for another stimulus package. Plus he wants to be able to raise the debt ceiling with out Congressional approval.