The Sky’s the Limit: Debt Limit Suspended until March 2015
The Daily Sheeple
February 13th, 2014
In 2011, House Speaker John Boehner established what would become known as the “Boehner Rule”: he said any debt ceiling increase would have to be offset by spending cuts.
Politico reminds us about Boehner’s bold demand:
“Let me be as clear as I can be,” Boehner told the Economic Club of New York in May 2011. “Without significant spending cuts and reforms to reduce our debt, there will be no debt limit increase.”
So much for that.