President Barack Obama’s recently predicted in an interview that he could get a “grand bargain” with Congress, negotiating a deficit reduction plan of $2.50 in spending cuts for every $1 in new revenue. Boehner, however, said “I don’t think that’s big enough.”
The speaker repeated the same line in the sand that he has put down in previous talks on any deficit deal.
“I made it clear that any increase in the debt limit – the cuts and reforms have to be greater than the increase in the debt limit. How many times do we want to deal with the debt limit over the next four years?” he said.
Asked about the political dynamics if president Obama wins and Congress remains divided with a GOP House and Democratic Senate, Boehner said he’s a “reasonable” guy but needs people in the Senate and in the White House “who will work with me.”