House Majority Leader Eric Cantor spoke about the Deficit Reduction Commission one month ago. Remarkably, the talks have hit an impasse and he’s finally figured out that it’s a waste of time. Bye Biden.
According to the Wall Street Journal:
Mr. Cantor, in an interview after a negotiating session he described as bitterly contentious, said he would not be attending Thursday’s scheduled meeting of the bipartisan deficit-reduction leadership group because he believed it was time for the negotiations to move to a higher level.
“We’ve reached the point where the dynamic needs to change,” Mr. Cantor said. “It is up to the president to come in and talk to the speaker. We’ve reached the end of this phase. Now is the time for these talks to go into abeyance.”
Update: Meanwhile, Democrats are worrying that their president will offer too many concessions to the Republicans in order to get a deal on the budget and debt ceiling.
As bipartisan debt limit negotiations between congressional leaders and the White House rev up, a number of Democrats are worried that President Barack Obama will agree to a deal with the GOP that cuts federal spending too deep, undermines the social safety net, slashes entitlement programs and does not include a single dime in tax increases.
Did you know that linking spending to debt is ‘irrational’? What geniuses we have up on the Hill.
Some liberals, such as Reps. Keith Ellison of Minnesota and Jim McDermott of Washington, said it’s “irrational” to link spending cuts to the debt ceiling debate.
It’s no wonder the two sides are at an impasse.