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Sunday, July 31, 2011

As a Potential Default Approaches, Eric Cantor Is Starting to Crack

Some people don’t handle pressure well. The House Majority Leader, for example, is so stressed, he’s starting to crack.

House Majority Leader Eric Cantor (R-Va.) declared Thursday that Senate Democrats would be responsible for a national default if they defeat a House plan to raise the debt limit.

Cantor starkly laid out the options: Either the Senate passes the House debt-limit legislation or the nation will likely default.

“There are two choices left,” Cantor said. “When we send this bill over, this compromise piece of legislation, [Senate Majority Leader] Harry Reid [D-Nev.] can take that up, pass it, send it to the White House. We can avoid the potential consequences of going past Aug. 2 and get on with the business of this country, or it will be on Harry Reid to bear the consequences of economic damage, and I don’t want to see that.” Read more

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