Speaker Boehner: Cut Trillions, Not Billions

And we're in no hurry to raise the debt ceiling:

Speaker John Boehner came here Monday to lend a peek to a worried Wall Street and a concerned Washigton as to where he stands as the nation rapidly approaches its statutory debt ceiling.

What they heard was that he feels no urgency.

The Ohio Republican used a speech to the Economic Club of New York to unveil a staunchly conservative plan to offset a debt ceiling hike with spending cuts of a greater amount, putting House Republicans on a collision course with Democrats who want much more modest spending restrictions attached to the vote.

He also told a packed, well-dressed ballroom at the Hilton New York that the debt limit has no “hard date” — a sign he does not take seriously the Democrats’ dire warnings of default in a few months.

And he reaffirmed that reforming the popular program Medicare is fully on the table in the negotiations, that tax hikes are a non-starter, and that defense spending deserves a look but vowed to not raise the debt ceiling without what he dubs “real action to solve our long-term economic problems.”

Yesterday Chuckie Schumer tried to play big bad New York senator and more or less threatened Boehner if he didn't sign on to a debt ceiling increase. That's not gonna work.