Video: On Fox News Sunday: Debt Limit Solution Must Adhere to Principles of "Cut, Cap, & Balance" http://www.youtube.com/watch?v=SyF1lYZp ... r_embedded

Jul 24, 2011

Speaker Boehner appeared on Fox News Sunday with Chris Wallace this morning to discuss President Obama's request for an increase in the national debt limit and congressional efforts to ensure such an increase is not granted without spending reforms and cuts greater than any hike. Boehner said any agreement must adhere to the principles of the House-passed "Cut, Cap, and Balance" bill (where spending cuts and reforms exceed any debt limit increase; the cause of a balanced budget amendment to the Constitution is advanced; and there are no tax hikes), and that when it comes to the president's reluctance to accept a two-step approach to cutting spending and increasing the debt limit, the President should put the interests of our country before his presidential re-election prospects.