Boehner Says We Can't Default, But We Must Cut

Boehner introduces himself to the American people, and offers perspective on the debt crisis, explaining why the GOP is looking to end the president's "massive spending binge."

The president has often said we need a "balanced" approach -- which in Washington means: we spend more. . .you pay more. Having run a small business, I know those tax increases will destroy jobs.

The sad truth is that the president wanted a blank check six months ago, and he wants a blank check today. This is just not going to happen.