Be Afraid, Be Very Afraid

Jim Vandehei, Mike Allen and Jake Sherman, at Politico, report that:

"The idea of allowing the country to default by refusing to increase the debt limit is getting more widespread and serious traction among House Republicans than people realize, though GOP leaders think shutting down the government is the much more likely outcome of the spending fights this winter."

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The idea of defaulting on the government's debt obligations could wreck the economy. Shutting down the government was tried by Newt Gingrich in the 1990s, and did not work out so well for the GOP. Who is advising House Republicans? Are they lemmings?

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