Pro-Default: Effort To Lower The Debt Ceiling Picks Up GOP Supporters

July 18, 2011 10:44 am ET — Matt Finkelstein

Rep. Joe Walsh

As President Obama and congressional leaders attempt to negotiate a solution to the default crisis, there is general agreement on one principle: Failing to raise the debt ceiling would be terrible for the economy. But Republicans, driven by a stubborn contingent of right-wing lawmakers who are willing to let the nation default, are still demanding major concessions from Democrats before they act.

One of the most vocal champions of the pro-default movement, which also includes GOP presidential contender Michele Bachmann, is Rep. Paul Broun (R-GA), who has been pushing a foolish proposal to lower the debt ceiling since early this month. Now, Broun's bill has its first three cosponsors in Rep. Joe Walsh (R-IL), Rep. Mick Mulvaney (R-SC), and Rep. Jeff Duncan (R-SC).

The three congressmen are all members of the Tea Party Caucus created by Bachmann last year. Last week, Walsh released a YouTube video in which he called on the president to "quit lying" to the American people about the consequences of default. Mulvaney has also expressed confusion about what will happen if the debt ceiling is not raised.