Washington (CNSNews.com) – 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.”
Despite her views on Boehner’s plan, Rep. Bachmann praised the Speaker for putting a debt plan forward and criticized President Barack Obama for not introducing a plan.
Obama has kicked “the can to the vice president, he’s kicked the can to Congress, and he has failed to lead on this issue of practical spending, and debt, and the economy,” said Bachmann.
“Now is the president’s hour,” she said. “John Boehner has produced not one, but two plans. Will the president produce a plan or will he agree to John Boehner’s? Again, I don’t believe for a moment that we will lose the full faith and credit of the United States, but it’s time for the president to get engaged.”
When asked if Boehner should be ousted as Speaker if the debt limit is raised, Bachmann did not directly answer but said, “I am running for president of the United States, I am not running for Speaker of the House.”
The debt ceiling is the amount of funds the federal government is legally allowed to borrow. Currently, the limit is $14.25 trillion and was reached on May 16. The Treasury Department has warned lawmakers and the president to reach a deal on raising the debt ceiling to borrow more money by Aug. 2 or face a potential default on some U.S. obligations.