Thursday, April 21, 2011

Another reason to question Eric Cantor's sanity and intelligence

This is constructed from a Daily Mail article. Rather than me comment much, let the House of Representatives highest court jester speak his mind, which for him is somewhat of a large effort considering the dimness of the light bulbs in there:

House Majority Leader Eric Cantor warned Democrats that he is willing to let the U.S. default to creditors if GOP demands for massive cuts to spending and budget process reforms are not met by President Obama and House Democrats, who are seeking to increase the debt ceiling to avoid another economic crisis.

‘With the debt-limit window fast approaching, House Republicans have made clear that, if the President and our Democratic colleagues refuse to accept serious reforms that immediately reduce federal spending and end the culture of debt in Washington, we will not grant their request for a debt limit increase,’ Cantor said is a statement Wednesday.
Economic Chernobyl: House Dems accuse GOP of playing kamikaze budget politics


In contrast, cooler and more intelligent (by FAR) heads comment:

Treasury Secretary Tim Geithner has warned of catastrophic consequences if the ceiling is not raised, saying that it will lead to an even worse crisis then the recession that the country is just emerging from, as an increase in interest rates and borrowing costs would be seen for Americans nationwide.
Vermont Representative Peter Welch also hit back at Cantor yesterday, accusing Republicans of holding the country’s good credit hostage.

‘Mr Cantor believes he has found political leverage in mixing the retroactive debt ceiling debate with the forward looking debt reduction debate. What he is willing to risk for this so-called leverage is a mid-air stall in America’s fledgling economic recovery and the tarnishing of the full faith and credit of the United States of America,’ Welch said.

‘America pays its bills. It always has and it always will. Holding that solemn tradition hostage in a game of kamikaze budget politics is reckless, irresponsible and playing with fire,’ he added."


Cantor is rapidly becoming almost as good a campaign issue as the thorniness of Mitch McConnell. I guess I could dream of a Palin-Cantor Presidential ticket, but that would just be too much to hope for.

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