No. of Recommendations: 0
This will be extremely disruptive to US and global economic interests in the short run but it has these profound benefits in the long run.

1) It will bolster federal resolution to actually deal with the US deficit before it is too late.

The problem of the deficit is way overblown. Reverse the Bush tax cuts and fix skyrocketing healthcare costs and most of it goes away.

2) It will pretty well destroy the Republican Party for the next decade.

That'd actually be a bad thing. The GOP needs fixing, not destroying.

It would, however, be interesting to see the Republicans provoke a constitutional crisis by forcing Obama to pay the country's legal debts without authorization from Congress. I actually kind of like the Republican's insane brinksmanship because it threatens to break up the cozy, corrupt, two-party duopoly that's captured the American political system.
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