The Post has a profile in motion of freshman House Republican Ted Yoho (FL). The focus is how he’s part of the faction who forced John Boehner to trigger the government shutdown and now wants to move along to default on the national debt. How bad will default be? “I think, personally, it would bring stability to the world markets,” Yoho told the Post.
Absorb that for a moment. He’s on the team that’s driving this bus. What would at best be a huge jolt to the global economy and more likely trigger a global financial crisis and do irreparable harm to the country, he thinks will actually improve things.
Ken Spain used to be one of the top GOP flacks on Capitol Hill, one of the guys our reporters called for comment on developments during campaign season. Here’s his take.
Wow. MT @AnnieLowrey: Ted Yoho (R-FL) on breaching debt ceiling: “I think it would bring stability to world markets” http://t.co/HqdfGBWuvI
— Ken Spain (@Ken_Spain) October 7, 2013
So professional Republican spokesmen are freaked out by what they’re hearing.
Couple this with the Times article from this morning detailing how the current shutdown and soon to be default crisis was planned by a working group of top GOP money men and the major far right and Tea Party pressure groups in the immediate aftermath of the 2012 election.
There many roots of this crisis. Demographic, ideological, regional, some parts tied to accidents of history (the existence of the debt ceiling itself), others to the structure of our government. But I think most people, as crazy as this looks, are underestimating the scope of the crisis we’re in the midst of. The pieces are in place to resolve the matter quickly, in the narrow sense of the votes. But the House Tea Party (and it really does look more like a distinct party or faction at this point) is forcing the matter, despite having well under a hundred seats in the House. Behind them they have an aggrieved GOP base and sustaining them the vast tranches of money provided by the Kochs and other top GOP mega-funders. John Boehner, not structurally in the sense of his office or position but personally, is simply too weak a figure to avert what’s coming. Get ready.