Wednesday, May 11, 2011

Recommended Reading

This past Monday, a Tea Party group showed up at the capital in full Colonial drag to rattle congressional Republicans with the ultimatum that they can expect to have it held against them should they cast the necessarily, responsible vote to increase our national debt ceiling. Rather than the GOP responding in kind with a simple, "Thanks, but we don't respond to threats from grown-ups wearing funny costumes," Speaker Boehner instead doubled-down on the Tea Party-approved path of playing chicken with our credit, which in turn has opened up a fissure with the other big Republican constituency: Wall Street bankers, corporations, millionaires, billionaires, etc. As Robert Reich explains, with the debt limit vote forcing Republican to now choose between the moneybags who support them in office and the nuttybags who got them there, it's a battle of wills that may leave America's full faith and credit -- not to mention the entire global economy -- by the wayside as collateral damage.

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