Playing Chicken with the world

Will the GOP Set Off Economic Apocalypse? - Beltway Beast - The Daily Beast: "The battle presents a tricky situation for Republicans because, one way or another, that debt ceiling must be increased—a failure to do so would lead the U.S. to default on their debts and plunge the world into financial chaos—but GOP leaders are boxed in politically: Tea Party expectations are sky high on this issue and Republicans voted unanimously in the House against the last debt hike. It's going to be a bitter pill to swallow when they inevitably have to reverse themselves, and John Boehner is already preparing them for it, assuring Diane Sawyer this week that the U.S. will be 'ready to meet our obligations.'"