Cantor: All Progress In Talks Erased

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On the plus side though, Obama's weakness is starting to show.

http://www.businessinsider.com/obama-walks-out-as-all-progress-on-debt-ceiling-talks-erased-2011-7

Update 3: Reuters is reporting that Obama would not back down on a comprehensive deal to raise debt ceiling, even if it jeopardizes his reelection chances.

"Would Ronald Reagan be sitting here," he reportedly asked. "I've reached my limit. This may bring my presidency down, but I will not yield on this.''

Update 2: House Minority Whip Steny Hoyer (D-MD) said no progress was made on the talks today.

“The president is putting a lot of time and energy into getting an agreement, and it’s tough,” Hoyer told POLITICO.

According to Cantor, Obama said that the group has until Friday to figure out "which way we're going." They will return to the White House tomorrow to try to get the talks back on track.

Update: According to Fox News, a senior Democratic aide pushed back at Cantor's account, saying "Congressman Cantor is the last person who should complain of people abruptly walking out of meetings."

Cantor publicly quit the deficit talks led by Vice President Joe Biden last month.

Republicans reportedly used the talks to criticize Obama's proposed spending cuts as "gimmicks and accounting tricks," according to Reuters.

Original: President Barack Obama abruptly left today's negotiating session to raise the debt ceiling and lower the deficit, House Majority Leader Eric Cantor (R-VA) told reporters after the meeting.

Cantor said Obama walked-out "angrily" after he offered to support two separate debt ceiling votes — a proposal Obama had repeatedly said he would veto.

"Eric, don't call my bluff," Obama said according to Cantor moments before storming out of the meeting. "I'm going to take this to the American people."

Cantor said all progress in the debt talks has been erased.

I don't see any weakness here.

He should have walked out and let the Bush tax cuts expire.

Better late than never.

No deals, just raise the debt cap, or quit.

I think it's about time for Boehner to yank on Cantor's leash, and choke him into silence so they can get something done.

-Bill, otherwise known as Kraichgauer

im all for Obama to let the nation default. Congress needs to unplug their anuses from the special interest groups they've lubed themselves to receive for so many decades.

If SS dont come in...I will have to live on limited savings until they get their asses together. I wonder how many elderly have to be evicted from rental homes and be homeless if they dont have family to take them for those on the hill to get their crap togther. I dont see how they can legally deny ppl their Social security they they paid into all their working lives...isnt that a ponzi scheme??? Maybe this is how they are going to solve the social security crunch??? deny them their money and let them waste away.

I think that's been the Republican plan all along.

-Bill, otherwise known as Kraichgauer

Social Security is going to collapse anyway. May as well address the problem now instead of foisting it on our grandchildren.

ruveyn

The same deficit hawks that want to do away with SS...are the same ones proposing major increases in the defense budget. The money is there, but they want to wage an endless war on the backs of the most vunerable in our society. This is not about the deficit as much as it is about shifting money around for their political agenda for war. If they end the major tax breaks for the rich and even it out more, pull back on forgien aid and end the wars...there will be plenty of money for Social security. Our defense budget is unsustainable as it is, but they wanting major increases of it because a wartime president has powers that a peacetime president does not in making changes to the system.

Where did you get that lunatic rant from mediamatters or the Puffington Post?

Obama hasn't been willing to negotiate on anything, he just wants lots of tax hikes which is insane in a recession. All this crud bashing spending on National Defense is further idiotic because it is stated in the pre-amble of the Constitution that National Defense is one of the responsibilities of Government for goodness sakes.

I'm for ending the wars if it is done responsibly, but the problem is a lot of people want to end them ad hoc in the most irresponsible way possible and give Al Qaeda bases to attack us all over again.

The troop surge in Iraq worked and that country is looking to be a success story, meanwhile Afghanistan is turning into a lost cause the way politicians have screwed up everything.

Furthermore, why are we in Libya?

We're in Libya because Qaddafi is killing innocent people who only want to be free. On top of that, included in the blood on Qaddafi's hands is American blood. I think that psycho bastard has gone on living too long.

-Bill, otherwise known as Kraichgauer

The fact I'm upset about it has nothing to do with going after Qaddafi, it has to do with something that Bush did before going into Iraq that Obama didn't bother to do.

Bush got Congressional Approval for the use of force against Saddam, Obama talked to everyone but Congress.

You'd have an argument if we were actually at war in Libya - which we are not. Not a single American military boot has stepped on Libyan soil, and it's doubtful any will. It's the Europeans who are leading this charge.

-Bill, otherwise known as Kraichgauer

If you believe that not a single American military boot has stepped on Libyan soil, I think I have a bridge to sell you. Furthermore, there wasn't air power when the Constitution was written, so it is arguable that in fact Obama is still out of bounds because our aircraft have been in Libyan Airspace.

I'll admit we probably have CIA and military intelligence agents on the ground as advisers and trainers. But it should be remembered that Reagan had done the same thing in El Salvador, arguably constituting a "secret war," but which he had never faced any repercussions for in his day. Quite simply, this is not war per say.

-Bill, otherwise known as Kraichgauer