(J. Scott Applewhite/AP)Amid ongoing negotiations with President Obama over raising the debt ceiling, House Republican leaders responded to Obama's call Monday for compromise by saying that their openness to raising the debt ceiling at all is sacrifice enough.
"A vote to increase the debt limit in this country is an existential question for a fiscal conservative," House Majority Leader Eric Cantor said Monday. "These votes aren't easy. ...What I don't think that the White House understands is how difficult it is for fiscal conservatives to say they're going to vote for a debt ceiling increase."
Congressional leaders are heading into a second straight day of negotiations with the president today over raising the nation's $14.3 trillion debt ceiling, which Republicans have refused to support without "major" cuts to federal spending. The White House has suggested a compromise that includes restructuring the nation's entitlement programs--currently the main drivers of debt--in exchange for tax increases, but Republicans continue to refuse any deal that raises rates.
"Adding tax increases to the equation doesn't balance anything," House Speaker John Boehner said before today's meeting with Obama, arguing that as a lead Republican negotiator on the issue, he's already "going to take my fair share" of hurt by merely talking to the president about raising the debt limit.Read More »from GOP leaders say they’ve sacrificed enough already on debt negotiations