Boehner Says Lawmakers May Seek to Deny Funds for U.S. Operations in Libya

Funny, former President Bush's could have been accused of the same allegations Boehner is tossing at President Obama.  Which goes to show how broken our political system is. 

http://www.bloomberg.com/news/2011-06-15/u-s-role-in-libya-is-mainly-one-of-support-administration-tells-congress.html

Congress fails to pass a 2010 budget

In an unprecedented move, Congress will fail to pass a budget for 2010. House Republican Paul Ryan (WI) and House Republican John Boehner (OH) sound off:

http://www.washingtonexaminer.com/opinion/columns/We-need-to-cut-spending-now-96923989.html

With each passing week, fresh warning signs from the markets, government reports, or events overseas underscore the need to tackle our dire fiscal and economic picture. Yet Congress stubbornly refuses to acknowledge this reality, as each week results in a fight over how much further we should expand the deficit and how much deeper should we fall into debt.

The starting point for tackling this challenge is the federal budget. For families, organizations, and businesses alike, a budget sets priorities and forces tough decisions.

Governments are not exempt from the need to budget. Yet, in a stunning abdication of responsibility, leaders in the House of Representatives have failed to even propose a budget -- a feat never before "achieved" since the enactment of the 1974 Budget Act and unacceptable in the face of a looming debt crisis.

The Democrats' budget collapse further erodes confidence in Washington's intent to get federal spending and debt under control -- and creates even greater concern about impending tax increases that will further hinder the private-sector job creation Americans desperately need. Washington's failure to control spending undermines sustainable economic growth and job creation.

Democratic leaders have made the political calculation that it is a better to take a pass than to pass a budget. The president's "new era of responsibility" has hit a new low.

http://gopleader.gov/News/DocumentSingle.aspx?DocumentID=191653

Government wants to nationalize your 401K/IRA

If this passes, watch the stock markets collapse. Wow, the government is really eager to raise revenue. Whether you are a Democrat, Republican, Independent, Libertarian, or from Mars, passage of this proposal should concern you.

http://republicanleader.house.gov/News/DocumentSingle.aspx?DocumentID=183859

Dear Secretaries Solis and Geithner:

As members of the Republican Savings Solutions Group, we write today to express our strong opposition to any proposal to eliminate or federalize private-sector defined contribution pension plans, such as 401(k)s, or impose burdensome new requirements upon the businesses, large and small, who choose to offer these plans to their employees.

In the Annual Report of the White House Task Force on the Middle Class, Vice President Biden discussed at length the creation of so-called “Guaranteed Retirement Accounts, (GRAs)” which would provide for protection from “inflation and market risk” and potentially “guarantee a specified real return above the rate of inflation” – presumably at taxpayer expense. In the Report, the Vice President recommended “further study of these issues.”

The Vice President’s comments are troubling, insofar as they come on the heels of testimony before Congress from supporters of GRAs proposing to eliminate the favorable tax treatment currently afforded to 401(k) plans, and instead use those dollars to fund government-invested GRAs into which all employees would be required to contribute a portion of their salary – again, with a government subsidy. These advocates would, essentially, dismantle the present private-sector 401(k) system, replacing it instead with a government-run investment plan, the size and scope of which remain to be seen. This despite data showing that 90 percent of households have a favorable opinion of the existing 401(k)/IRA system.

In light of these facts, we write today to express our opposition in the strongest terms to any effort to “nationalize” the private 401(k) system, or any proposal that would dismantle or disfavor the private 401(k) system in favor of a government-run retirement security regime.

Sincerely,

House Republican Leader John Boehner (R-OH)
Rep. John Kline (R-MN)
Rep. Dave Camp (R-MI)
Rep. Sam Johnson (R-TX)
Rep. Dean Heller (R-NV)
Rep. Brett Guthrie (R-KY)
Rep. Michele Bachmann (R-MN)
Rep. Pat Tiberi (R-OH)
Rep. Bob Latta (R-OH)
Rep. Erik Paulsen (R-MN)
Rep. Lynn Jenkins (R-KS)
Rep. Ed Royce (R-CA)
Rep. Buck McKeon (R-CA)