@joefromchicago,
I also agree with this conclusion; the House republicans created this crisis out of nothing. Debt ceiling increases are necessary to fund past legislation produced by both parties. They just want to see Obama fail; a dangerous game of chicken when they are harming the credit worthiness of US Treasuries, interest rates for everybody, and a deeper recession because consumption will also decrease with the higher interest rates.
To think that some of the same people who are against increasing the debt ceiling are running for president is almost humorous if it wasn't so serious.
The frightening reality is that some of those people have a chance to win the republican nomination.