Eric Cantor Debt Debate

The leaders were pointing fingers at each other about the topic that the world leading country, the  United States,  is gradually moving to the option of defaulting on government loans. Eric Cantor, the leader from the majority Democrats was the main target by the opposition senators of the Republican party.

Republican Mr. Schumer said to the Hill  “There is one person who hasn’t come up with a plan, hasn’t negotiated, hasn’t reached out to the other side in an exertion to move forward, and that is the majority leader  Mr. Cantor”.

The issue was raised after an argumentative meeting on Wednesday between President Obama and other leaders discussing a deal to decrease the debit, as part of a package deal to increase the debt ceiling.

Through the discussions, Eric Cantor has seemed to be more consistently representing conservative opinions. He asked repeatedly for a short-term deal. The President’s thoughts on this issue are not the as same as Eric Cantor and he told leaders they need to find common ground by Friday, which will be favorable for markets and the American public.

The views of Eric Cantor on a deal to decrease debt has faced challenges from the Republicans as well as Democrats . “House majority leader Eric Cantor has shown he shouldn’t be at the table, and Republicans agree he shouldn’t be at the table,” Reid said on the Senate floor. “Even Speaker Boehner and Minority Leader McConnell seem to understand the seriousness of this situation. They are willing to negotiate in good faith which I appreciate, and the country appreciates”. The President also agreed with the statement of the senators and praised Republican leader McConnell and House Speaker as mediators in solving this issue.

After getting permission from the President, McConnell released his plan on Tuesday.  On the next day, Eric Cantor also released a declaration that was, “Currently, there is not a single debt limit proposal that can pass the House of Representatives.”


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