Position of Tea Party on possible U.S. default ‘doesn’t make sense.’ The bitter fight over raising the nation’s debt ceiling has divided industry groups and corporations on the subject of tax increases and caused frustrations with freshman Republican lawmakers’ refusal to compromise, even though many were elected with the help of massive political spending by business. “There seems to be this belief that not raising the debt ceiling won’t cause us much harm and that just doesn’t make sense,” said a top lobbyist at a large trade association who asked to remain unidentified, citing statements on the presidential campaign trail by Tea Party favorite Rep. Michele Bachmann… Read More