The Hill News

House Speaker John Boehner explained his decision to walk away from debt talks with President Obama in this "Dear Colleague" letter.

Dear Colleague,

Our economy is not creating enough jobs, and the policies coming out of Washington are a big reason why. Because of Washington, we have a tax code that is stifling job creation. Because of Washington, we have a debt crisis that is sowing uncertainty and sapping the confidence of small businesses. Because of Washington, our children are financing a government spending binge that is jeopardizing their future.

Since the moment I became Speaker, I’ve urged President Obama to lock arms with me and seize this moment to do something significant to address these challenges. I’ve urged him to partner with congressional Republicans to do something dramatic to change the fiscal trajectory of our country. . .something that will boost confidence in our economy, renew a measure of faith in our institutio! ns of government, and help small businesses get back to creating jobs. 

The House this week passed such a plan. . .the Cut, Cap & Balance Act, which passed the House with bipartisan support. 

Read more...