A Theory On the Tea Party Republicans and the Debt Ceiling
The GOP has been ravenous about tax cuts since the Reagan era began.
This GOP doesn’t put much value in our government, especially any money the government spends (outside of military spending).
Defaulting on our debt would make it much, much harder for the government to borrow in the future because investors would be much less reluctant to hold U.S. Treasuries.
Making it harder to borrow would make it harder for the government to spend money which, in turn, would require lower taxation.
A part of me thinks this is the logic behind the Tea Party Republicans. It makes sense in their twisted, anti-taxation minds.