read here http://www.newrepublic.com/article/115033/boehner-abc-still-demanding-debt-ceiling-negotiations?b&utm_campaign=tnr-daily-newsletter&utm_source=hs_email&utm_medium=email&utm_content=10491928
"Such demands would be outrageous, under those circumstances, but the threat of default—with serious damage to America's credit-worthiness and to the economy—would loom as the alternative. "Imagine you have a labor union negotiating with management over wages," says Ornstein. "There is the underlying threat of a strike, but most often it becomes a spur to agreement. Now imagine the union says that if they don't get their demands they will blow up the plant--and mean it. That is what we have now. It is indeed unprecedented and way over the line."
"Such demands would be outrageous, under those circumstances, but the threat of default—with serious damage to America's credit-worthiness and to the economy—would loom as the alternative. "Imagine you have a labor union negotiating with management over wages," says Ornstein. "There is the underlying threat of a strike, but most often it becomes a spur to agreement. Now imagine the union says that if they don't get their demands they will blow up the plant--and mean it. That is what we have now. It is indeed unprecedented and way over the line."
This is extortion, plain and simple. The only question is whether it becomes the standard method of setting fiscal policy. Boehner's quote suggests it is about to do so—which is why, for the sake of functional democracy, he and his colleagues must not prevail."
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