House Majority Leader Already Taking Debt Limit Hostage For Spending Cuts | ThinkProgress

And it starts,,,here we go again,,,

Now, with another debt ceiling increase necessary in early 2013, House Majority Leader Eric Cantor (R-VA) is already taking it hostage again, demanding entitlement cuts in return for ensuring that the nation doesn’t default on its debt,,,

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Keeping the U.S. from exceeding its debt limit doesn’t allow for new spending; it just ensures that the U.S. will faithfully pay its bills. Taking it hostage unnecessarily harms the economy,,,

House Majority Leader Already Taking Debt Limit Hostage For Spending Cuts | ThinkProgress