DeMint goes on to note the obvious shortcoming and failures of Boehner's proposal and how it closely (maybe not so mysteriously) resembles Senator Majority Leader Harry Reids plan.
It's almost as if Boehner only went through the motions on CCB as a show.
From Politicons --
I have troubling news. I’m very careful about criticizing my party’s leaders, but what is happening in Washington right now cannot be ignored.You can read the whole letter by clicking here.
House Speaker John Boehner (R-OH) has abandoned the Cut-Cap-Balance Act and is now pushing a new plan that is nearly identical to the one proposed by Senate Majority Leader Harry Reid (D-NV).
The Boehner-Reid plan gives the President an immediate increase in the debt limit and only promises to cut spending in the future. It violates all three principles of the Cut-Cap-Balance Pledge because it does not substantially cut current spending, it does not truly cap future spending, and it does not require the passage of a strong Balanced Budget Amendment before raising the debt limit.
In short, I oppose the Boehner-Reid plan because it won’t balance the budget and stop the debt that is destroying our country.
The Boehner-Reid Plan
You will hear many claims about this plan over the next few days as it is pushed through the House and Senate. Some of these claims will be true, but many will be false. Here are the facts. The Boehner-Reid plan:
- Provides two increases in the debt limit – $900 billion and $1.6 trillion — totaling $2.5 trillion. It gives the President an immediate $900 billion increase given that Congress does not vote to disapprove it. It gives the President another $1.6 trillion increase next year if a bill written by a new Super Committee passes both houses and becomes law.
- Reduces spending by only $1.2 trillion over the next ten years. This amount won’t even come close to balancing the budget, as the debt is expected to grow by as much as $10 trillion over the next decade. The plan also reduces spending by only $6 billion in 2012. Considering that our government currently spends $10 billion a day, $6 billion is far too little to cut over the first year of the plan.
- Calls for a vote on the Balanced Budget Amendment but does not require its passage. Without passage of a strong Balanced Budget Amendment, Congress will never break its addiction to spending.
- Makes it virtually impossible to stop the debt limit from going up. The debt ceiling increases can only be stopped if Congress passes a resolution of disapproval and then votes to override the President’s veto with two-thirds support in the House and Senate.
Why It Should Be Rejected
- Creates a new, 12-member Super Committee to write another “grand bargain” to reduce the deficit by at least $1.6 trillion. It does not, however, prohibit the Super Committee from writing a bill to raise taxes and destroy jobs. The bill can then be fast-tracked through the House and Senate with no amendments.
After reviewing the details of Boehner-Reid plan, I cannot support it.
- It won’t balance the budget and stop the debt. Even if the cuts called for in the plan were real, the debt will still increase by $7 trillion over the next ten years.
- It won’t protect our AAA bond rating. According to financial reports, this plan will not reduce long-term spending by enough to prevent a downgrade. If we lose our AAA rating, it will create higher interest rates and cause our debt to grow even faster.
- It will likely result in higher taxes that will destroy even more jobs. The unemployment rate is over 9 percent. We cannot afford to lose more jobs when so many Americans are struggling to find work.
Please note the only GOP Congressman from Ohio voting against Boehner's Budget Control Act of 2011 and making himself a target for political retribution, was Congressman Jim Jordan (OH-4). Thank you Congressman Jordan for being your own man and placing the well being of our country over poorly thought out partisan politics that would drive us deeper in debt!
Quickly forgetting they are in D.C. not because of Speaker Boehner, but because of the Tea Parties, the freshmen GOP Congressmen from OH chose to ignore the calls, emails and faxes from most of the Tea Parties in Ohio urging them to VOTE NO on Boehners Plan and voted to support the Boehner/Reid Bill.