Sunday, July 31, 2011

Boehner Balks at Debt Agreement Over Military Cuts

The Republocrats want major spending cuts to approve a debt ceiling hike, as long as none of their pet projects or the Military Industrial Complex are touched.
Think again if you believe any REAL spending cuts will be agreed to when the debt ceiling is hiked another $3 Trillion this week.
QE to Infinity.....AND BEYOND!!!

From the WSJ:
House Speaker John Boehner (R., Ohio) appears to be balking at the debt ceiling deal that Senate Democratic Majority Leader Harry Reid of Nevada has signed. Mr. Boehner is concerned about provisions in the deal that could lead to sharp cuts in military spending, say people familiar with the situation. House aides have warned that just because Mr. Reid has signed off on the deal doesn’t mean the deal is done.
House leaders have scheduled a briefing for their caucus at 8:30, aides say. The move comes after a long afternoon during which House Speaker John Boehner (R., Ohio), balked at proposals that could lead to sharp cuts in military spending.
Earlier, Senate Majority Leader Harry Reid (D., Nev.) "signed off" on a debt-ceiling plan pending the approval of the Senate Democratic caucus, a congressional aide said Sunday.
Now, the leaders have to round up their troops and schedule votes.