The Republican Party continues to unravel, as more and more senior Republicans are admitting the necessity to raise the debt ceiling under threat from their criminal corporate owners on Wall Street. Eric Cantor now stands alone among the Republican leadership demanding that raising the debt ceiling be tied to billions in spending cuts with no revenue increases. President Obama has scheduled a press conference for 11:00 AM (EDT) today.
President Barack Obama gave lawmakers 24 to 36 hours to finalize the path forward for raising the debt ceiling during the latest high-stakes White House meeting on Thursday.
"It’s decision time," the president told attendees, according to the notes of a Democratic official. "We need concrete plans to move this forward."
As the Aug. 2 debt ceiling deadline approaches, Obama and congressional leadership from both parties met for their sixth straight day of talks. There were no verbal altercations between the president and House Majority Leader Eric Cantor (R-Va.), as there had been the day before. In fact, multiple Democratic sources relayed that Cantor barely spoke.
"The meeting was mostly a presentation by the administration, so several participants didn’t talk, including Cantor and McConnell," explained a senior Republican aide… [emphasis added]
Inserted from <Huffington Post>
I expect that Obama will continue to bluff that he wants the big deal, with cuts to the big three and revenue increases on the table, knowing that he can get away with it, because Republicans will not agree. He has carried it off so well that even most of his own base believes it, making it all the more effective.
Lawrence O’Donnell explains the Republican disarray and how bluffing on the big three is still working.
Visit msnbc.com for breaking news, world news, and news about the economy
Unless the press conference is a total yawner, I’ll have a report on it tomorrow.
13 Responses to “Debt Ceiling: Republican Panic Continues”
Sorry, the comment form is closed at this time.
I’ll be waiting to see what happens.
I’ll be posting it soon.
Just want to be on the record that I think Eric Cantor is an ass-wholly, and totally.
The SPCA will get you for that! (Society for the Prevention of Cruelty to Assholes).
lmao
I can’t express how delighted I am to see that arrogant self-centered yuppie pup Cantor and by inference his crazy Tea Party followers have their asses kicked and finally handed back to them by President Obama and that wily scoundrel John Boehner. Eric Cantor is a scourge on this nation, and I surely hope this signals the beginning of the end of the and hese radical teabagger crazies!
You just did. 🙂
Arrogant young puppy—needs a good ass whippin’ —
If I were a dog,, not a cat, I’d bite you. 😉
Someone needs to bitch slap the crap out of Cantor.
Those who need to do so are the voters.
That spandex wearing, bicycle rider! (Cantor) 😈
I wonder if they make a spandex muzzle…. 😉