Via Think Progress:
As the U.S. steps closer to the economic ledge, a litany of Republican lawmakers are holding the debt ceiling hostage over unpopular priorities like lowering the corporate tax rate cutting entitlement programs. Likely GOP presidential candidate Rick Santorum made his own ransom demand today on Fox News Sunday, telling host Chris Wallace that defunding the health care law is “the price” he demands for the debt ceiling and that he’d “absolutely” let the country go into default over it:
SANTORUM: [The health care law] is a program that if the president wants to defend, he should stand up and say the 2012 election is about Obamacare. We’ll put this on hold, and make it a referendum on Obamacare.
WALLACE: Well ok that’s 2012, but you’re saying you’d let the country go into default on this issue.
SANTORUM: No I think the president would let this country go into default on this issue.
WALLACE: But you would make that the condition — you’d make that the price?
SANTORUM: Absolutely. Absolutely.
Over at Capital Gains and Games, Bruce Barlett, a domestic policy adviser to President Ronald Reagan and a Treasury official under President George H.W. Bush, bemoans that Wall Street, and the nation for that matter, should have known better then to send "a bunch of not-too-bright, ignorant Tea Party members to Congress." Imagine putting one in the White House.
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