Eric Cantor: Vote On Debt Ceiling Must Be Tied To Spending Cuts
Yesterday, House Majority Leader Eric Cantor said that House Republicans will not support an increase in the debt ceiling unless it is tied to spending cuts:
U.S. House of Representatives Majority Leader Eric Cantor said on Sunday his fellow Republicans would not vote to increase the U.S. debt limit unless it was coupled with spending cuts and reforms.
“Republicans are not going to vote for this increase in the debt limit unless there are serious spending cuts and reforms,” Cantor said on NBC’s “Meet the Press” program. “That is just the way it is.”
“So we have talked about bringing spending levels down to ’08 levels,” Cantor said, referring to the 2008 federal budget. “We know there are hundreds of programs that are going to need to be cut.”
The question is whether the Senate will go along, and what the House GOP will do if they don’t.