“I haven’t spent 20 years here fighting tax increases just to throw it all away in one moment. What I did do was lay out the conditions that would be necessary to make sure there would be no tax hikes.
“As the week went on, it became clear that the president wouldn’t accept those conditions. It became clear that they weren’t serious about structural reforms to the entitlement programs. It became clear that they would only do entitlement reform if it came along with tax hikes. It became clear that their vision of tax reform was to maintain many of the current code’s flawed features. That’s when I walked away.”
– House Speaker John Boehner, explaining to the GOP caucus the events of the last few days in the debt ceiling debate.