Eric Cantor’s $3.5 Million Wall Street Job Isn’t Just for Cantor, It Is for Everyone Still in Congress

By: Tuesday September 2, 2014 8:21 am

Bribing people with big bags of money or expensive gifts is so 20th century. Not only is it gauche to carry around suitcases full of hundred dollar bills, it is also stupid. Basically the only time American politicians ever get in trouble for corruption is when they accept really expensive Rolexes while in office or [...]

There Are No Deficit Hawks – Part 30,354

By: Thursday December 1, 2011 8:26 am

In case you weren’t paying attention during the debate about the extension of the Bush tax cuts last year, members of Congress are again working on a deal to clearly show there is no such thing as a deficit hawk. From Politico: House Majority Leader Eric Cantor is quietly working both sides of the Capitol to [...]

Debt Ceiling Increase: The Long and the Short of it

By: Wednesday July 27, 2011 10:05 am

One of the biggest battles over raising the debt ceiling at this moment seems to be whether any debt ceiling increase will last until after November 2012 or will it require another vote on the debt limit before the election. Speaker John Boehner’s (R-OH) plan would require the debt ceiling to be raised again in [...]

For the GOP the Best Feature of the Boehner Debt Plan is Calling The President’s Bluff

By: Tuesday July 26, 2011 10:35 am

It’s telling that a key selling point being used by Eric Cantor to get his caucus behind John Boehner’s debt ceiling bill, is that such a move would call President Obama bluff on his threat to veto any short term increases. From Politico: “The debt limit vote sucks,” he said, according to an attendee of [...]

The Confused State of the Debt Ceiling Mosh Pit

By: Thursday July 21, 2011 9:33 am

With less than two weeks until President Obama’s August 2nd deadline for raising the debt ceiling, there seems to be no coalescence around a single solution. If anything, the scope of ideas being discussed seems to grow wider not narrower. There is the $4 trillion grand bargain offered by President Obama. This deal was rejected [...]

Calling Obama’s Bluff

By: Thursday July 14, 2011 7:20 am

Last night the Republicans offered to do a short term increase of the debt ceiling to prevent default and President Obama angrily dismissed it, according to the Huffington Post: At issue was Cantor’s repeated push to do a short-term resolution and Obama’s insistence that he would not accept one. “Eric, don’t call my bluff. I’m [...]

Debt Ceiling Negotiations Keep Moving Dramatically to the Right

By: Monday June 27, 2011 1:37 pm

In the beginning, the idea that any political party would actively hold the debt ceiling hostage to reduce the deficit was considered absurd. Mainly because all the top politicians have admitted they don’t want the country to default and that actually forcing a default would have the exact opposite affect of sending Treasury bond rates [...]

Republican Debt Ceiling Power Play Would Stand Constitution on its Head

By: Thursday April 21, 2011 10:15 am

Regardless of whether or not you think it is a good idea, our Constitution was designed with multiple veto points meant to create a bias toward status quo. The basic idea is that if you want to make large changes, you either need broad concessions or to definitively win the support of the public in [...]

Eric Cantor Makes Case House Democrats Don’t Have Votes For Health Care Reform

By: Wednesday February 24, 2010 8:49 am

House Minority Whip Eric Cantor has released a memo (PDF) laying out the case that the Democrats simply don’t have the votes in the House to pass the Senate health care bill with a reconciliation sidecar strategy. Clearly, it is to the Republican Party’s benefit to strongly make the case that Democrats don’t have the [...]