Boehner urges Obama to stop slow-walking to a 'fiscal cliff' solution U.S. President Barack Obama and Speaker of the House John Boehner attend a meeting with a bipartisan group of congressional leaders in the Roosevelt Room of the White House on November 16, 2012 in Washington, DC. WASHINGTON, Dec. 11 (UPI) -- U.S. House Speaker John Boehner Tuesday broke his silence on "fiscal cliff" talks, saying it's time for President Obama to stop slow-walking a solution. "A lot of people know that the president and I met on Sunday," Boehner, R-Ohio, said in a speech on the House floor. It was a nice meeting, it was cordial. But we're still waiting for the White House to identify what spending cuts the president is willing to make as part of the 'balanced approach' that he promised the American people. ... The longer the White House slow-walks this process, the closer our economy gets to the fiscal cliff. George W. Bush-era tax cuts will expire and draconian spending cuts will kick in Jan. 1 unless the president and Congress can resolve their differences on tax levels for the wealthiest Americans and entitlement reform. President Obama has urged the House to vote on Senate-passed legislation that would keep the tax cuts for the first $250,000 of income, allowing the reduced rates to expire on incomes greater than that to raise $950 billion in revenue. Tax code revisions and $50 billion in new stimulus spending also are on the table. Republicans have proposed closing loopholes and eliminating deductions to raise $800 billion in revenue. Now even if we did exactly what the president wants, we would see red ink for as far as the eye can see. That's not fixing our problem either -- it's making it worse and it's hurting our economy," Boehner said, urging spending cuts. Washington has a spending problem. Let's be honest -- we're broke. And the plan that we've offered is consistent with the president's call for a 'balanced approach.' Both the White House and Republicans say they are waiting for the other side to respond to their proposals.