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Boehner: 'Obama missed a great opportunity today to help our economy'

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Boehner reiterated his argument that excessive government spending is slowly drowning the U.S. economy in debt and chasing job creation into other countries. He said that growing debt is linked to last week's report that said the economy shrank in the last quarter of 2012, and that job creation is still not enough to soak up the millions of people looking for work.

"If government spending does cause growth as the president believes, then we shouldn't be having these problems," he said. "And then maybe it wouldn't be so disappointing that his budget is late. Well, we are having trouble in large part because spending is the problem."

Boehner said an on-time budget from Obama could have dealt with automatic spending cuts known as sequestration, something both parties are looking to avoid. He said Republicans have twice passed a sequester replacement bill, but that the Democratic Senate has not acted on it.

"To replace the president's sequester we need our Democrat colleagues to get serious about spending," he said. "I wish I could give the American people more cause for optimism. But we see the president's budget is late, and the Senate hasn't passed a budget in nearly four years."

For more on Boehner's remarks, click here.