I’m asking you to look at a potential increase in the debt limit as a leverage moment when the White House and President Obama will have to deal with us. Either we stick together and demonstrate that we’re a team that will fight for and stand by our principles, or we will lose that leverage.House Majority Leader Eric Cantor • Speaking at a GOP retreat in January. In other words, what happened last week was the plan all along. The Washington Post has a great piece on the origins of the debt showdown. And that’s just the tip of the iceberg.