"The plan that we just introduced to our members is a well thought out and reasoned plan in which no side gets all that they want. Last week, we put out our plan as to what it is that we want - the Cut, Cap and Balance plan. This plan is not that. The President said that he wants higher taxes and he wants a vote through the election. This plan doesn't have that in it. This is a situation where no side gets all that they want. This is a responsible plan that addresses the urgency of trying to make sure we avoid default, which I know that we will. It sets in motion a process for real cuts so that we can live up to our obligation to the people that sent us here."
House Majority Leader Eric Cantor (R-VA)
Remarks at GOP Stakeout
July 25, 2011