http://www.politico.com/news/stories/0511/55087.htmlThey are the newest breed of government skeptics, the swelling ranks of Republicans who don’t believe the Obama administration when it says a failure to raise the debt limit will prove catastrophic.
And they stand ready to make negotiations over raising the cap on debt as grueling as possible, making Treasury officials and Wall Street more nervous than ever that the country could suffer an unprecedented default with consequences no one can predict.
The suspicion, which once flourished on only the conservative outskirts of economic circles, has seeped into the mainstream in recent weeks, gaining broader acceptance among establishment Republicans, even as the administration issues increasingly dire warnings...
AND THEREIN LIES THE RUB.
IT'S PREJUDICE--AND IGNORANCE==AND MASSIVE HUBRIS.
AND IF THE DEFAULT RESULTS, IT WILL CHANGE THE GLOBAL ECONOMY FOREVER, AND PROBABLY SEND A LOT OF THE ECONOMIC ELITE INTO TAILSPINS THAT MIGHT LEAVE THEM LEARNING HOW TO LIVE ON A STREET THAT WASN'T NAMED FOR A WALL....WHICH WOULD BUILD CHARACTER AND DESTROY ILLUSIONS OF OMNIPOTENCE.