Thursday, June 2, 2011

Tea Party: GOP Will Be Held Accountable For Backing Business In Debt Ceiling Fight

Tea Party: GOP Will Be Held Accountable For Backing Business In Debt Ceiling Fight

Last year, the Tea Party's interests and those of big business were nearly perfectly aligned, with companies pouring millions into campaigns to oust Democrats. The U.S. Chamber of Commerce alone dropped some $33 million, with 93 percent going to elect Republicans.

But things are different this year, and nowhere will the split be starker than in the fight over raising the debt limit. Those groups represented by the Chamber want it to go up, in order to avoid what Treasury Secretary Tim Geithner warns would be a catastrophe. The Tea Party -- especially its more loosely organized, grassroots members -- adamantly want the debt ceiling to stay put.

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