In an article posted on the New York Times blog, Bruce Bartlett says the Obama administration and those on Wall Street have long thought the prospect of a default was so horrifying that it would necessarily lead to resolution of the current impasse. “What I don't think they understand is that there has been a movement underway for some years among right-wing economists and activists not merely to default on the debt, but even to repudiate it,” he says. Read more…
Image: US National Debt Clock (detail)