Rep. Ted Yoho is one of the new class of Tea Party Republicans in Congress and he is quickly proving to be one of the most ignorant and delusional. In an interview with the Washington Post, he actually claimed that defaulting on the federal debt could be a good thing for financial markets.
Now, Yoho is ready for a bigger fight. He doesn’t want to raise the debt ceiling — ever again. The experts, and Republican leaders, say that would trigger a financial catastrophe.
But Yoho didn’t listen to them about the shutdown. And look how that turned out.
“I think we need to have that moment where we realize [we’re] going broke,” Yoho said. If the debt ceiling isn’t raised, that will sure as heck be a moment. “I think, personally, it would bring stability to the world markets,” since they would be assured that the United States had moved decisively to curb its debt.