Eric Cantor: OK, Maybe The Debt Ceiling Deadline Is For Real

[jaxx]

Backing off his earlier stance, House Majority Leader Eric Cantor (R-VA) is warning colleagues that the Treasury Department's deadline to raise the debt ceiling before a catastrophic default is the real deal.

"Secretary Geithner feels August 2 is his deadline," Cantor told ABC News in an interview released on Monday. "I don't question the Secretary of the Treasury other than to say we're trying to get in place real spending reductions -- trillions of dollars of spending reductions -- if the president wants us to increase the credit limit of this country by trillions of dollars."

<..> Investors have been growing worried in recent weeks that the GOP Majority and especially its 87 Republican freshmen may be unaware of the consequences of their actions should a debt ceiling increase fail to pass. Asked about these concerns, Rep. Tim Scott (R-SC), the chair of the freshman caucus, told TPM last week he did not believe running up against the deadline would cause significant turmoil in the economy.

http://tpmdc.talkingpointsmemo.com/2011/...hp?ref=fpa

Hmmmm quite a flip-flop for his nibs. The teabaggers don't believe the impact of not raising the ceiling....and they don't care.

[Born_A_Truman]

They're fracking idiots! How does the GOP's financial "genius" figure that it won't cause turmoil?

[Dimwitted Fool]

(06-06-2011 12:25 PM)jaxx Wrote:  <..> Investors have been growing worried in recent weeks that the GOP Majority and especially its 87 Republican freshmen may be unaware of the consequences of their actions should a debt ceiling increase fail to pass. Asked about these concerns, Rep. Tim Scott (R-SC), the chair of the freshman caucus, told TPM last week he did not believe running up against the deadline would cause significant turmoil in the economy.

Freshman congresscritters deciding they "don't believe" there will be a problem fits right in with Senator Asshole Q. Shelby lecturing an economics Nobel laureate on economics and declaring him unfit to on the Fed Board of Governors.

If the teabaggers don't implode very soon and let the adults back in, this country will get exactly what it deserves for letting them get that far.

[Treestar]

Republicans playing games, as usual.

[Born_A_Truman]

(06-06-2011 12:40 PM)Treestar Wrote:  Republicans playing games, as usual.

I said months ago the GOP would hold the debt ceiling hostage and DFW assured me here their corporate masters wouldn't allow that to happen. I'm betting he's right because we know that as dumb as Boehner/Cantor/Ryan/Isis et al are ... the Koch brothers write their laws and are smarter than to play chicken with their own personal fortunes. They care not one whit about the Tea Party as people.

[atomic]

Cantor: "Derp." Whatta bonehead.

Cantor Proposes Bill to Make Ryan Budget Law - Derp!

[The Capitol Punisher]

They were apparently trying to call someone's bluff on the debt ceiling. I'm not sure who's bluff they were calling - I mean, everyone with any level of intelligence in America knew there was no negotiating on this and that there was really no leverage to be had. Of course, in doing so, they've prompted millions of people to think there was a deal to be made, so now people are going to be pissed that they didn't get the unicorn that actually was promised them by Cantor and Company. Leadership at it's finest... /facepalm

[RoyGBiv]

(06-07-2011 07:16 AM)The Capitol Punisher Wrote:  They were apparently trying to call someone's bluff on the debt ceiling. I'm not sure who's bluff they were calling - I mean, everyone with any level of intelligence in America knew there was no negotiating on this and that there was really no leverage to be had. Of course, in doing so, they've prompted millions of people to think there was a deal to be made, so now people are going to be pissed that they didn't get the unicorn that actually was promised them by Cantor and Company. Leadership at it's finest... /facepalm

That's the thing. There is no bluff. They've been playing a game that rational people aren't playing.

[RoyGBiv]

Ah, yes. As some have predicted, the people on Wall Street are starting to talk into the ears of the Republican's they've purchased.

Playing with the debt ceiling will affect everyone, even their corporate masters.