The Tea Party and the debt limit : two reasons to be afraid:

[hedgehog]

1. A certain number of the Tea Party congressmen are completely economically illiterate; they think the Federal budget is merely a household budget writ large and have no idea what will happen if the debt ceiling isn't raised.

2. Other Tea Party Congressmen have a very good idea of what would happen if the debt ceiling isn't raised, but they want revolution and this is one way to get it.

[FSogol]

1. Typical Tea Party Response: The US should have a yard sale.

:shrug:

The debt limit was increased 6 times during the Bush administration with little discussion.