Boehner and the President had a $4 trillion bargain worked out, and they killed it. In the words of the little boy himself:
LIZZA: There’s sort of a final meeting with Paul Ryan and you and Boehner where it seems like there’s a final sort of discussion about whether this offer needs to be rejected or not. The way it seems to be reported is—it seems like Boehner wanted to do it, you and Ryan sort of talked him out of it. Is that—
CANTOR: I would say it’s a fair assessment...Yes, it’s probably an accurate conclusion....
http://www.newyorker.com/online/blogs/comment/2013/02/eric-cantor-the-sequester-and-the-death-of-the-grand-bargain.html
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