In the end, I don’t think our Galtian overlords will allow Eric Cantor and his fellow insurgents to force a massive government default.
But other than that, I don’t see why the wingers shouldn’t do it. Create an economic calamity, blame Obama for it, put a bunch of editorials in Kaplan blaming Obama for it, publish a few think tank studies blaming Obama for it, run endless Crossroads-funded ads blaming Obama for it, etc. David Brooks and Gail Collins will agree that both sides are at fault here. Charles Lane and Ruth Marcus will conclude that it is mostly Obama’s fault. Andrew Sullivan will praise Cantor’s principled Thatcherite exuberance. Joe Klein will blame it all on the hippies and black panthers. Glenn Kessler will award Paul Krugman four pinnochios for blaming Cantor.
If there’s a way to sell our Galitan overlords on it (and I think there may not be), this would be a no brainer.