Speaker Boehner: No Debt Limit Increases Without Spending Cuts

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Elections have consequences.

Speaker of the House John Boehner just announced that no debt limit increases will be passed without spending cuts. In other words, he’s taken away the federal government’s credit card and won’t give it back until they stop spending so much money. (link)

This is tremendous news. If cutting the budget proves to be actually popular, then we will see a lot of deep, serious cuts to the federal budget, and may even see real cuts to entitlement programs.

Hat tip: Gate

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