Via DSWright at FDL, from Howard Fineman at HuffPo:
...I can't quite manage to put it in words of one syllable for the infantile Tea Partiers who need to understand this, but here it is, children, in words suitable for grownups: a default would be bad for all Americans and most people in the developed world, but it would be catastrophic for a central element of the Republican base... the business community. TPers: stand down before you fall down!
Michael Needham, CEO of the powerful group Heritage Action, said that he opposed conditioning a crucial vote to increase the government's borrowing authority on the group's main goal: defunding Obamacare.
Under questioning at a breakfast with reporters, hosted by the Christian Science Monitor, Needham, a product of the Stanford Business School, conceded that failure to raise the debt ceiling would indeed disrupt the global economy.
...
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