Boehner: 'We're broke'

House Speaker John Boehner swore on Sunday that Republicans will take on entitlement spending and said Democrats are missing the big picture when they complain about spending cuts.

"We’re broke," Ohio Republican said on NBC's "Meet the Press." "What’s really dangerous is if we do nothing...We’re going to deal with the entitlement problem."

Boehner also said he's encouraged by tea party members pushing House Republicans to go farther in their proposed cuts.

"There’s no limit to the amount of money that our members want to cut," he said.