Washington is determined not to kick its spending habit. During his press conference yesterday, House Speaker John Boehner told reporters that “[w]e can’t cut our way to prosperity,” a line that has been used frequently by President Barack Obama. The comment prompted this tweet from Senate Majority Leader Harry Reid (D-NV)
I agree with @speakerboehner: We can’t cut our way to prosperity.
— Senator Harry Reid (@SenatorReid) May 9, 2013
After four years of $1+ trillion budget deficits, Washington needs to begin taking steps to dam the river of red ink. And if there is question as to the severity of the fiscal mess President Obama and Congress has left us, here’s some perspective from Bankrupting America:
Unfortunately, Boehner’s comment plays right into the hands of President Obama and Senate Democrats, who want more tax hikes on top of what they got earlier this year. Once again, Boehner has surrendered before the fight even begins.