Tuesday, October 8, 2013

Right-wing nutjobs’ last stand: The debt limit endgame arrives

VOTING FOR CRAZIES
Johann Wagener 10-08-13

Voters that gave the keys to the asylum to the inmates are now paying the price.

Right-wing nutjobs’ last stand: The debt limit endgame arrives

House conservatives’ self-imposed intellectual insulation has left them surrounded by charlatans who say there’s no risk of default at all. That Treasury can structure payments so that the country’s creditors are held harmless. Some of these hacks know better, but would rather lie than watch Republicans lose their nerve before Obama blinks (which they’re convinced he will). In truth, this kind of prioritization is unlawful, and, relatedly, outside the government’s technical capacity.