Banana Republicans (Brent Budowsky)

[stevedeshazer]

The extreme hard-line attitude of many Republicans has significantly raised the prospects for a national default and rating agency downgrades that would sweep across the nation and many states, causing an economic cataclysm and public outrage unlike anything ever seen in the history of the republic.

If the deficit talks collapse and the house of cards falls, the biggest losers will be Republicans, who almost certainly will lose control of the House.

I have always expected a deal to raise the debt ceiling, but also warned of the danger that World War I-style miscalculations could result in a default that leaders do not want.

Now comes a last-minute proposal dumped by another gang, without major details, in an inflamed and dangerous situation, to radically change America by Aug. 2. This “plan” will not pass in time. It only confuses a gravely dangerous situation.

more: http://thehill.com/opinion/columnists/brent-budowsky/172641-banana-republicans