GOP holding U.S. economy hostage on debt
On some level, they must realize that allowing the United States to default on financial obligations that Congress itself racked up would not only sow chaos in the financial markets and reignite the recession, but also sign the death warrant for the modern Republican Party.
If the GOP -- already a party at odds with science, history, math, women, senior citizens, the poor and minority populations -- were to willfully and recklessly play politics with the full faith and credit of the United States, it would virtually ensure that by 2014, Democrats would retake the majority in the House of Representatives and expand their edge in the Senate. This could create a nightmare for many on the right: an Obama presidency in which Democrats could press through their full agenda with little resistance.
Even the most rabid Republican partisans must recognize that they are playing with fire.
http://www.cnn.com/2013/01/15/opinion/rothkopf-obama-gop-debt-ceiling/index.html