“Good morning. There has been a lot of talk, a lot of reporting, about what’s gone on in these discussions at the White House surrounding the debt ceiling. Let's just take a step back for a second, and look at where we are. As the Speaker indicated, the House put forward its budget and the House passed its budget. That is our vision. If we were in control of Washington, we would be trying to push our agenda through both houses, and to see if that could be implemented. We called for $6.2 trillion in cuts over ten years.
“In the current discussions at the White House, the President and the Democrats are offering perhaps $1.5 trillion, the number keeps moving, but, perhaps. That’s a big difference. The talk, or some of the reports, have indicated that somehow, Republicans haven't given. That is not true. We are at $6.2 trillion, and they are at $1.5 trillion, at best. That’s just the way it is. What we want and what we have said, and as the Speaker continues to set out there, we want to change the system here.
“We want to be able to go home to the people that elected us and show them that we’re not going to allow this kind of spending to continue. We don't have the money, they don't have the money. We need to get the economy growing again, and to control spending here in Washington. We’re going to bring a bill forward next week, otherwise known as the Cut, Cap and Balance bill, to provide a balanced approach, so that we can demonstrate that we are getting things under control, that the people who put us here can gain some confidence that we’re going to begin to live like they do around their kitchen tables and in their businesses, stop spending money we don't have, and begin to manage this debt and deficit down to balance. We hope that our Democratic friends on the other side of the aisle can join us in that balanced approach.”
House Majority Leader Eric Cantor (R-VA)
Remarks at GOP Stakeout
July 15, 2011