Oct. 16th, 2013

peristaltor: (The Captain's Prop)
The sheer silliness of even casting a shadow of a glimmer of a sliver of blame on the Democratic Party members in Congress regarding this shutdown thing is laughable enough. There is more than enough evidence that the Tea Party has run with this ball all the way. I won't bother recounting it here.

What I found interesting was a very conservative political person suggesting why default may be the ultimate aim, not a stated consequence. Regarding the debt:

What I don’t think [the Obama administration and those on Wall Street] understand is that there has been a movement under way for some years among right-wing economists and activists not merely to default on the debt, but even to repudiate it.

Those making this argument are largely unknown to professional economists and journalists, but their research permeates the obscure Web sites where Tea Party members get their ideas. And not all are obscure.


As with most weirdnesses in our country, much of this can be traced back to the Civil War. )

X-Posted to [livejournal.com profile] talk_politics.

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