Eric Cantor Defends Foreign Aid Cuts In Aftermath Of Japan Earthquake, Tsunami

With Japan reeling from last week's magnitude 8.9 earthquake and the tsunami that followed, leading House Republicans on Monday defended cuts to foreign aid and ocean safety in their budget proposals, arguing the cuts are necessary to shrinking the nation's deficit.

"All of us need to be tempered by the fact that we've got to stop spending money we don't have," Majority Leader Eric Cantor (R - VA.) told reporters at his weekly press briefing. "Essentially, what you are saying is to go borrow money from the Japanese so we can spend it there to help the Japanese."