At the stroke of midnight, March 16, 2015, the debt ceiling was again breached. The Treasury Department has begun "extraordinary measures" to forestall the certain default. Jack Lew must rob Peter to pay Paul.
Do the Republicans really want to be held responsible for another financial calamity when it is their turn to face the voters? From a purely political point of view, it's as if your opponent in a war threatens that he will blow his own head off if you do not surrender.
Millions of Americans were thrown out of work because of forces beyond of their control in 2008. It should be unthinkable for any leader to threaten to intentionally revisit that suffering on more Americans for political gain, and yet that is where we are.