At the National Press Club on Thursday, Rep. Michele Bachmann (R-Minn.), who is running for the GOP presidential nomination in 2012, said she would not support House Speaker John Boehner’s (R-Ohio) plan to raise the debt ceiling or any other proposal that increases the debt limit, which is currently set at $14.29 trillion.
“John Boehner now has a second alternative as you have heard of,” said Bachmann. “I will not be casting my vote for that bill and we [the House] will be casting our votes later this afternoon. I cannot. I am committed to not raising the debt ceiling. My colleagues may give the Speaker that vote today.”
She went on to dismiss the fiscal year 2012 spending cuts in Boehner’s plan as minimal.
“If this bill goes through today, that’s a cut of approximately $22 billion in spending,” she said. “We all know the numbers — that’s perhaps one estimate says two-and-a-half days of spending. Let’s get serious. Let’s get serious.”
Boehner’s plan raises the debt limit but also reportedly cuts and caps spending by $917 billion over next decade – $22 billion in FY2012 alone, according to an analysis by the House Budget Committee.
Read More at CNS News By Edwin Mora, CNSNews.com