Big Business Kicks Debt Butt

07/14/2011 06:54 pm ET | Updated Sep 13, 2011

The predictable end game for GOP debt play has begun. Like vacationing parents returning home just early enough to catch the kids throwing a beer party, big business is no longer absent from this farce.

In plainly choreographed statements, the U.S. Chamber of Commerce and the Business Roundtable, Washington's top corporate lobbying groups, gave the orders to Republican leaders to cut out the nonsense and raise the debt ceiling to avoid a disruptive default.

"A great nation - like a great company - has to be relied upon to pay its debts when they become due. This is a Main Street not Wall Street issue. ... Now is the time for our political leaders to put aside partisan differences and act in the nation's best interests." -- U.S. Chamber of Commerce letter to Congress

Providing support for the high-powered broadside, leading credit raters such as Moody's Investors Service upped the ante by issuing not so veiled threats about labeling the United States a bad credit risk.

Republican lawmakers now face a choice between their tea party grassroots and big business bosses, whose grass is greener.

Craig blogs daily at


Debt Ceiling