In 44 seconds, House Speaker John Boehner boils down the GOP position on debt and spending:
1) Spending Cuts That Exceed Any Debt Limit Increase;In a separate video, Speaker Boehner reveals that the House will consider a Balanced Budget Amendment to the U.S. Constitution next week.
2) No Tax Hikes Because Tax Hikes Will Destroy Jobs; and
3) Reforms That Restrain Future Government Spending (like Spending Caps and a Balanced Budget Amendment).
Republicans have repeatedly said any proposal that fails to meet this test is bad for job growth and can’t pass the House.
Here’s Speaker Boehner again yesterday:
Republicans in the House have done their job. When will Obama and the Democrats do theirs?