Huffington Post runs OpEd on debt ceiling debate by Johnson's Dana Radcliffe

7/27/2011 11:50:00 AM

Radcliffe suggests that congressional leaders who believe there will be few immediate ill effects of not increasing the debt ceiling ask themselves "what if I'm wrong?"

Excerpt from "Thoughtless Doubts in Debt Ceiling Debate Could Lead to Disaster," (Huffington Post, July 27) by Dana Radcliffe, Johnson senior lecturer of business ethics:

The U.S. government's solvency after August 2 may well depend on who prevails in a sharply partisan debate about how bad a default would be for the economy -- ordinarily the sort of issue politicians leave to experts. Democrats predict catastrophic consequences if Congress and the president can't reach an agreement to raise the debt ceiling.  However, many congressional Republicans and several GOP presidential candidates are skeptical of those warnings. Sen. Jim DeMint (R-S.C.) has gone so far as to denounce the dire predictions as "irresponsible." In the debt ceiling talks, each side's willingness to compromise will depend on how much it fears a default. MORE

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