Terrorism in a Teabag 0
Nickolas Kristof recounts the dangers of Teabagger insanity and ignorance (one of those is bad enough; the two together are mighty dangerous) on financial policy (emphasis added):
(snip list of the practical effects of default)
. . . Republican zeal to lower debts could result in increased interest expenses and higher debts. Their mania to save taxpayers could cost taxpayers. That suggests not governance so much as fanaticism.
More broadly, a default would leave America a global laughingstock. Our “soft power,” our promotion of democracy around the world, and our influence would all take a hit. The spectacle of paralysis in the world’s largest economy is already bewildering to many countries. If there is awe for our military prowess and delight in our movies and music, there is scorn for our political/economic management.
Read the whole thing.
Via DelawareLiberal.
