I am certain that the GOP is prepared to see the country fall into default. I hope he doesn't, but I expect Obama to fold on this one. I guess he, unlike the GOP, will have to consider Country over Political Party.
A default could turn the US into a near 3rd world counrty. The entire world's economy will go down the tubes. All so that the rich in the US can keep their tax breaks.
And to think all that Obama and the sycophants need do is to produce the necessary massive spending cut's to show the American people that really do care about this nation
Spending cuts in the middle of a fragile economic recovery?
Heck..that's worse then raising taxes.
It's simple economics.
I am surprised how quickly the Democrats let the Republicans dominate the discussion with that bullshit.
For 8 years they practiced "deficits don't matter" economics (along with regulations don't matter, enforcement doesn't matter).
They raised the debt ceiling some 19 times during the Bush administration.
NOW, all of a sudden, they care.
Go figure.