“The President spent ten minutes last night on TV and there were a lot of words, but what the words didn’t say was what the President is for. There is no evidence that he has a plan. He doesn’t like our plan, but he has not put a plan forward yet. There was a lot of focus on the politics. The President spent a lot of time talking about millionaires, billionaires, and corporate jet owners - things that have nothing to do with the debate right now.
“At this point, we have three options. One is to wait and do nothing and go past August 2nd and bring on possible default, which I am not for, nor is the Speaker, or any of us standing up here. Another is to go with Harry Reid’s plan which is, as the Speaker said, a blank check - something that Republicans don’t believe most Americans think ought to happen because that lets spending continue in this town the way it has, and it helps promote the economic policies of the Obama Administration that have frankly wrecked this economy.
“Thirdly, we have our option on the table that is consistent with our commitment to change the system here, stop spending money we don’t have, and start focusing on getting people back to work in this country and do something about the unemployment that is now still over 9 percent.”
House Majority Leader Eric Cantor (R-VA)
Remarks at GOP Stakeout
July 26, 2011