In ‘fiscal cliff’ debate, Boehner condemns accounting gimmicks he once embraced
Republican House Speaker John Boehner says the White House is exaggerating the spending cuts achieved in its latest “fiscal cliff” offer by including the lower interest payments on the national debt that would result from the cuts.
He might want to talk to…House Speaker John Boehner, circa June 2009.
That’s when Boehner condemned the price tag on President Barack Obama’s economic stimulus package, pointing to the added cost to the government of paying interest on the money borrowed to fund the package.
Democrats in Congress pushed through the stimulus plan in 2009 with an estimated cost of about $800 billion. House Republicans unanimously opposed the plan, and Boehner said its true cost was much higher because of interest payments.
“If you think about where we’ve been this year, we had the nearly trillion-dollar stimulus plan, when you look at the interest that’s going to be paid on it,” he said in a June 17, 2009, floor speech.
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