Republicans are criminally reckless by nature, so we’ll have to see how it all turns out:
“It’s true that allowing America to default would be irresponsible,” Boehner told the Economic Club of New York on Monday evening. “But it would be more irresponsible to raise the debt ceiling without simultaneously taking dramatic steps to reduce spending and reform the budget process.
“To increase the debt limit without simultaneously addressing the drivers of our debt — in defiance of the will of our people — would be monumentally arrogant and massively irresponsible,” he said.
Boehner reiterated his demand that any increase in the debt limit be accompanied by “significant cuts and reforms.”
“And the cuts should be greater than the accompanying increase in debt authority the president is given,” he said in a 22-minute speech. “We should be talking about cuts of trillions, not just billions. They should be actual cuts and program reforms, not broad deficit or debt targets that punt the tough questions to the future.”
The Speaker’s stand drew little reaction from the banquet hall of Wall Street executives, who offered polite applause at the end of Boehner’s speech but sat in silence through his demands on the debt limit.