I conclude that many Congressional Republicans have been drinking the Kool-Aid of the libertarians to fatal levels. They seem blindly deluded by "rational markets" to think that a default on the debt obligations of the United States of America is a bargaining chip they can use with Obama, that somehow "markets" will think that it's better for the long term and so a short term default is better than raising the debt ceiling in a clean, simple manner.
They are fools. A default of even one second would forever taint the credit of the United States. By intentionally refusing to pay on a timely manner what one owes means that the nation's "full faith and credit" means less; such words would mean, when we can agree and the nation's honor becomes a political bargaining chip to be squandered. How could future lenders to America ever trust the nation unconditionally again? Obviously the mold would be forever broken.
Pass a clean, simple debt ceiling increase.
Fight the battles over the appropriations bills and cut spending there, If necessary, shut down the government and stop paying its employees. Take a pay cut yourselves.
Don't play political games with our nation's honor and credit.
Word of the Day
"Minatory" - adjective [$10]
Minatory means threatening, menacing.
Sentence: The looming, minatory prospect of a US default will weigh heavily on stock markets until cleared.