"CBOâ€™s latest report serves as yet another warning that Washington must act now to rein in our massive deficits and debt, which are hurting our economy, costing jobs, and jeopardizing the American Dream for our kids and grandkids."
If the president is serious about working together to grow our economy and expand opportunity, here are some constructive suggestions on how he could better phrase his claims next time (helpful links included).
During the meeting, the Speaker presented Secretary Lew with a historical list showing that for decades, the White House and Congress have used the debt limit to find bipartisan solutions on the deficit and debt.
"Coupling efforts to reduce America's debt and deficit with increases in the debt limit is a common-sense policy that was used under Presidents Ronald Reagan, George H.W. Bush, Bill Clinton â€” and President Obama."
According to the Washington Post, â€œ[s]enior White House officials are discussing a budget strategy that could lead to a government shutdownâ€ this fall.
"Passage of the FY 2014 energy and water appropriations bill is another sign Republicans are serious about spending taxpayer dollars wisely and addressing Washingtonâ€™s chronic deficits, consistent with our plan to balance the budget within 10 years."