““We all know that we have one looming,” Boehner said on ABC’s “This Week”. “And we have one looming because we have entitlement programs that are not sustainable in their current form. They’re going to go bankrupt.”
Boehner expressed agreement with Obama’s statement in an ABC interview … [saying] the debt doesn’t present “an immediate crisis.”
But Boehner took issue with Obama’s assertion that it doesn’t make sense to “chase a balanced budget just for the sake of balance.”
“Balancing the budget will, in fact, help our economy,” Boehner said. “It’ll help create jobs in our country, get our economy going again, and put more people back to work.”
“The fact that the government continues to spend more than a trillion dollars every year that it doesn’t have scares investors, scares businesspeople, makes them less willing to hire people,” he said.