Have Republicans gone too far with their absolutest positions on raising the U.S. debt limit and demanding tax cuts without any new revenue? Try as one might, there are precious few people abroad who see the economic world like the Republican Tea Party faction does. Salzburger Nachrichten columnist Thomas Spang writes that U.S. Republicans have already lost their attempt to ‘get Obama into trouble,’ and that the best they can hope for is that ‘Tea Party newcomers’ see reason before the entire global economy is affected.
For the Salzburger Nachrichten, Thomas Spang writes in part:
Their battle cry of “no new taxes” against the backdrop of the enormous debt the superpower has amassed is as delusional as the threat of national bankruptcy is irresponsible. Should Social Security checks fail to go out on August 3rd, those affected will point their fingers at the people responsible – the Republicans. With every passing day of this countdown toward insolvency, President Barack Obama’s political position gets stronger.
In the face of looming defeat, the Republican’s foot soldiers are threatening to mutiny against their leadership. The only open question is whether in their fervor, they will risk political suicide and drag the global economy into the abyss with them. They haven’t much time left to see sense.
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