Speaker of the House John Boehner Calls for Trillion Dollar Budget Cuts

POLITICO.com: John Boehner: Cut 'trillions' as debt limit nears:

“Without significant spending cuts and reforms to reduce our debt, there will be no debt limit increase,” Boehner said. “And the cuts should be greater than the accompanying increase in debt authority the president is given. We should be talking about cuts of trillions, not just billions.”