Boehner calls debt limit 'leverage to make the system work'

Jacquelyn Martin/AP

House Speaker John Boehner, R-Ohio, offered a spirited defense on Thursday of his new fiscal doctrine, outlined earlier in the week, of demanding spending cuts in exchange for raising the nation’s debt limit in the future.

After last summer’s debt showdown and the downgrade of the government's credit rating, Democrats have attacked Boehner for again threatening to bring the government to the verge of default to enact his own policy agenda.

Boehner acknowledged that he has gotten “a lot of criticism” in recent days but said using the debt limit is necessary to spur a Congress that is “famous for inaction.”

“If we don’t use the increase that’s needed in the debt ceiling as leverage to make the system work, it will not work,” Boehner said, appearing at a policy summit sponsored by the Blake Hostetler law firm and the Yale Club of Washington.

Boehner said that tackling the nation’s debt -- which now tops $15 trillion -- is necessary to improve the nation’s economy, saying it is now "hanging like a wet blanket" over investors and employers in America.

Stay up-to-date with federal news alerts and analysis — Sign up for GovExec's email newsletters.
FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Sponsored by eSignLive by VASCO

    Mobile E-Signatures for Government

    Learn 5 key trends that accelerate government demand for mobile signing.

    Download
  • Sponsored by Management Concepts

    SPONSORED: Successful Change Management Practices in the Public Sector

    How governmental agencies implement organizational change management.

    Download
  • Sponsored by Kronos

    Solving the Workforce Compliance Challenge

    Download this eBook to learn how data and automation can help state and local agencies.

    Download

When you download a report, your information may be shared with the underwriters of that document.