John Boehner has started listing debt limit demands, report Paul Kane and Lori Montgomery: “House Speaker John A. Boehner defined the GOP’s terms for raising the legal limit on government borrowing Monday, demanding that President Obama reduce spending by more than $2 trillion in exchange for an increase big enough to cover the nation’s bills through the end of next year. Delivering a sermon on fiscal austerity to a Wall Street crowd clamoring for compromise on the debt limit, Boehner (Ohio) firmly rejected any effort to raise taxes. He also called on Democrats to engage in ‘honest conversations about how best to preserve Medicare,’ signaling that House Republicans remain committed to restructuring at least some portions of the program.”
Taking hostages
