Wednesday, October 16, 2013

Default advocates: the tail wagging the G.O.P. dog

In an article posted on the New York Times blog, Bruce Bartlett says the Obama administration and those on Wall Street have long thought the prospect of a default was so horrifying that it would necessarily lead to resolution of the current impasse. "What I don't think they understand is that there has been a movement underway for some years among right-wing economists and activists not merely to default on the debt, but even to repudiate it," he says. Read more...
Image: US National Debt Clock (detail)