Here's the thing: there are a bunch of Republicans running around saying that breaching the debt limit is no big deal, because...oh, I don't know, it's all just nonsense. Here's one. Jamelle Bouie had a great line about it, comparing them to the bomb-worshiping mutants in Beneath the Planet of the Apes.
So my question: suppose that there is a debt limit breach, and it in fact delivers a major economic shock.
My question is: will the GOP line be that it's Barack Obama's fault because he forced the debt limit breach by not going along with totally reasonable GOP requests, or that it's Barack Obama's fault because the breach would have been harmless but he handled it wrong? Both? Something else?
By the way, as a non-expert on this (and therefore my opinion is pretty useless), my guess is that if it happens there will be damage, and that there is severe downside risk, but most likely the worst fears won't actually happen. Incredibly irresponsible of the GOP to expose the nation to the damage and the downside risk, of course.