The only “faction” that controls whether to default, remains president of the United States.
Conservatives should be happy that Speaker John Boehner will agree to a short-term raising of the debt limit while insisting that President Barack Obama and the Democrats compromise over a continuing budget resolution to end the government shutdown.
Not because the former removes the specter of an actual “default”, but rather because it removes any plausible Democratic Party or media (but I repeat myself) allegation that a Republican refusal to raise the debt ceiling could be the cause of any downward market activity before or after the Obama Treasury Department-declared deadline of October 17.
Conservative fealty to the U.S. Constitution in the Age of ObamaDems’ Great Depression II and the Race for 2012
The occasion of America’s first great depression saw the exponential growth of a heretofore limited central government that was thought to have been a key ingredient of the 1789 Miracle at Philadelphia that had made our country exceptional.
The post-WWII military retrenchment remained unrecognizably large by pre-Hoover standards and has been growing ever larger ever since. That inexorable growth sparked a conservative movement intent on domestic retrenchment of the national government and a return of Tenth Amendment power to the states.
Conservatives claim a fealty to the Rule of Law instead of men, which requires resort to a source of absolute authority, i.e. The Constitution of the United States which also just happens to advance the principles that produce wealth enough to buy superior arms and a middle class dominating a Fruited Plain.
America now languishes in the longest dire economic circumstance since the 1930s. Then, as now, massive Democratic Party-ordained deficit government spending is not proving remedial, as Republicans frequent Iowa cornfields as the first step in the process of choosing their champion to reverse course.
Kill bad policy at the ballot box
Yet, a disturbing number of Grand Old Party musings from the Hawkeye State do great violence to the great document that replaced the Articles of Confederation, thus allowing a great nation to secure its manifest destiny.