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Cantor rejects debt plan floated by Senate Republicans
Cantor, R-Virginia, told reporters after Wednesdays meeting that he proposed a short-term agreement to raise the federal debt ceiling, a position Obama has previously rejected. The president wants one deal that will raise the amount of money the government can borrow to sufficient levels to last through 2012 -- after his campaign for re-election.
"That's when he got very agitated and said I've sat here long enough -- that no other president -- Ronald Reagan -- would sit here like this -- and that he's reached the point that something's gotta give," Cantor said, adding that Obama called for Republicans to compromise on either their insistence that a debt-ceiling hike must be matched dollar-for-dollar by spending cuts or on their opposition to any kind of tax increase.
"And he said to me, 'Eric, don't call my bluff.' He said 'I'm going to the American people with this,' " Cantor quoted Obama as saying.
http://www.cnn.com/2011/POLITICS/07/13/debt.talks/index.html?hpt=hp_t1

Cantor, R-Virginia, told reporters after Wednesdays meeting that he proposed a short-term agreement to raise the federal debt ceiling, a position Obama has previously rejected. The president wants one deal that will raise the amount of money the government can borrow to sufficient levels to last through 2012 -- after his campaign for re-election.
"That's when he got very agitated and said I've sat here long enough -- that no other president -- Ronald Reagan -- would sit here like this -- and that he's reached the point that something's gotta give," Cantor said, adding that Obama called for Republicans to compromise on either their insistence that a debt-ceiling hike must be matched dollar-for-dollar by spending cuts or on their opposition to any kind of tax increase.
"And he said to me, 'Eric, don't call my bluff.' He said 'I'm going to the American people with this,' " Cantor quoted Obama as saying.
http://www.cnn.com/2011/POLITICS/07/13/debt.talks/index.html?hpt=hp_t1
