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Old 09-19-2011, 09:17 AM   #63
Sphinx
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(Reuters) - House of Representatives Speaker John Boehner on Monday rejected President Barack Obama's $3 trillion plan to cut U.S. deficits, saying it would fail to tackle long-term problems and would raise taxes.

In a statement, Boehner, the top Republican in Congress, said Obama "has not made a serious contribution" to the effort by a special bipartisan congressional committee that has been asked to make recommendations to reduce the deficit by $1.2 trillion over 10 years.

Boehner said the Democratic president's proposal fails to tackle the financial problems facing federal health and retirement programs and insists on raising taxes.
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Who here is shocked?
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