FOX News: Special Report With Brett Baer- Speaker John Boehner: 'Where is the President's Plan?'

Source:Speaker John Boehner- talking to FOX News's Brett Baier, about President Obama and the debt negotiations.

"Speaker Boehner spoke with Fox News' Bret Baier tonight after a meeting at the White House to discuss President Obama's request for an increase in the debt limit. Boehner said "it's time for the president to put his plan on the table," and noted that Republicans are serious about seizing this moment to make "the biggest spending cuts possible" and implement reforms -- like a Balanced Budget Amendment -- to address our long-term debt crisis without raising taxes on job creators." 

From John Boehner

Actually, I have news for Speaker Boehner: the President has a plan that he's basically written in the negotiations with the Congressional leadership in both parties and chambers. And the House GOP Leadership has gotten much of what they wanted in the plan. Practically everything by cutting the overall size of the Federal Government and reforming the entitlement programs. 

But these are called negotiations for a reason, because multiple parties are involved. Both sides get what they want and both sides have to give into something that they don't want. For President Obama to sign on to a debt ceiling deal, he's going to have to get things in return, in exchange for what he's already given up. And what he's already given up so far in 2011 which is plenty. 

And for there to be any deal, the House GOP Leadership is going to have to accept tax increases on high- earners, both millionaires and billionaires. As well as strategic defense cuts in areas of defense that we don't need to be currently spending on or as much. Members of the House Tea Party Caucus have already agreed to the defense cuts and the Senate, both parties would go along for defense cuts as well. 

And there's a bipartisan deal in the Senate thats ready to go along for tax hikes on high-earners. But what's holding this potential deal back right now, is the House Tea Party Caucus, that Speaker Boehner and Leader Eric Cantor would have to sell a final deal to. As well as the so-called House Progressive Caucus, that  Minority Leader Nancy Pelosi would have to sell the deal too. 

I don't believe the President, House Minority Leader Nancy Pelosi and Senate Leader Harry Reid will sign off on a final deal, that a majority of their caucus's would vote no on. That would cause huge problems for President Obama for the rest of 2011 and 2012 as he runs for reelection. 

I believe the final deal is there, the question is can the Congressional leadership in both parties and in both chambers sell the deal to enough of its members to make the deal seem okay and can the President sell the deal to the House and Senate Democratic caucus's. 

The final deal is already there and President Obama, Speaker Boehner and Leader Reid just aren't ready to announce it, because Senate Minority Leader McConnell and House Minority Pelosi aren't behind it yet. Because the two minority leaders don't like the deal and none of the leaders believe they can sell the final debt ceiling package to their respective caucus's yet.