Boehner To Obama: "No Budget, No Pay"

And the game continues as Speaker Boehner appears to be kicking the can across the corridor to the Senate (and implicitly the Democrats) as he quite specifically advises them that with no budget, there is no talk of debt-ceiling extensions. The principle is simple, he notes, "no budget, no pay." As Dow Jones reports, the 'compromise' deal is that the House will propose a three-month extension of the debt-ceiling in exchange for a budget (i.e. spending cuts from the Senate) - which of course is all but impossible given the years of inability to pass a budget anyway. Check to Obama (though we know the response)... Following are excerpts of House Speaker John Boehner’s (R-OH) closing remarks as at the House Republican members retreat today, as prepared: “Before there is any long-term debt limit increase, a budget should be passed that cuts spending. The Democratic-controlled Senat...