5 Times Eric Cantor Pandered To The Right Wing That Booted Him From Office
The Grand Bargain
In an interview with Ryan Lizza of The New Yorker, Cantor boasted that it was a “fair assessment” to say he was a driving force behind the collapse of the 2011 “grand bargain” negotiations. Although budget talks had dominated politics that year, Cantor successfully convinced House Speaker John Boehner (R-OH) to pull out of discussions with President Obama and reject his offer to make significant spending cuts to the federal budget. Even with a government shutdown on the horizon, Cantor urged Boehner to refuse Obama’s offer to cut social programs such as Medicare, Medicaid, and Social Security, and reduce government spending by about $300 billion over 10 years.
Cantor bragged that his influence ultimately derailed the deal that could have avoided sequestration and sidestepped the constant threat of fiscal crisis that now plagues the federal government. Why did he do it? Cantor hoped to use the budget crisis to his political advantage, and told Lizza that he wanted to “have it out” with Obama during the 2012 election. Considering that Obama won re-election, that didn’t exactly work out in Cantor’s favor.