Graham says the credit ratings agencies have made it clear that it’s time to get the nation’s spending problems under control. He says the Boehner proposal only makes minor reductions in spending in the short-term. “I feel for John Boehner. He’s been working with the president for weeks now. Every time they’d come to a big deal, they would throw more revenue on the table, they would move the goal post.” Graham said that the White House has said ‘no’ to everything and that they have never put a plan on the table.
Graham said the debt-limit plan put forth by Boehner does not go far enough, “We should not come up with a plan that doesn’t get the $4 trillion. And you know how much this Boehner plan cuts in 2012? $1 billion. You know how much we spend a day? $10 billion. So this plan saves us six hours of federal spending.”
Graham was asked what kind of deal would make him happy. “I want a plan that deals with what got us in debt, that will put discipline in place we don’t have today, that will cut more than $4 trillion over the next decade and have near-term cuts but have a balanced budget amendment requiring both parties to get us out of debt and stop this political rhetoric in terms of getting us out of debt. So, that’s what I want: Structural change consistent with the 2010 election that will save America from becoming Greece.”