House GOP Leader John Boehner (R-OH) today told Treasury Secretary Geithner that Democrats should “scrap the backroom deal” on their so-called “debt commission” and start over. According to CBS News, Boehner said “we should not kick the can down the road to a commission – we should start cutting now.” Boehner laid out several steps for real action on cutting the deficit by:
•”[R]epealing spending from the stimulus…”
•”[R]eturning TARP money to fight deficit reduction…”
•”[C]utting discretionary spending…” and
•”[A]dding real spending caps as the Republican budget did.”
The backroom deal between the president and Congressional Democrats would create a panel stacked in favor of raising taxes (watch Boehner here making that argument). According to National Review, Boehner outlined for Geithner how a truly bipartisan “debt commission” should work:
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