Don't Fear a Default, Yet
Senate Minority Whip John Cornyn of Texas announced that congressional Republicans will agree to raise the debt ceiling. While it is still not a sure bet that they have the votes to avoid a default, there have been a number of high-ranking members of the Republican caucus who have voiced similar sentiments, including Wisconsin Rep. Paul Ryan.
Cornyn's remarks were [also] a far cry in tone from his Jan. 4 Houston Chronicle op-ed, in which he wrote that a partial government shutdown may be necessary to "secure the long-term fiscal well being of our country." Cornyn declared, "The coming deadlines will be the next flashpoints in our ongoing fight to bring fiscal sanity to Washington."
About the Author
David Frum
David Frum is a contributing editor at Newsweek and The Daily Beast and a CNN contributor. He is the author of eight books, including most recently the e-book WHY ROMNEY LOST and his first novel Patriots, published in April 2012.
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