Yes, folks, the Tea Party loons who call the shots for the Republican Party are very serious about destroying the US economy: Republicans Say Obama Underestimates Their Resolve as Debt Default Nears.

While Democrats refuse to negotiate on the continuing resolution and the debt limit, apparently assuming the GOP will eventually cave, House Republicans insist they are prepared to bring borrowing authority to a screeching halt.

“I can assure you it’s not posturing. It’s not a political play or anything like that,” Rep. Phil Gingrey, R-Ga., told CQ Roll Call on Tuesday.

Gingrey said Republicans were “absolutely” prepared to lose the House to extract concessions on the CR and the debt limit, and he said the White House is “missing the determination of the Republican Party.”

“I mean, they seem to think that we will miss this opportunity for a ‘Braveheart’ moment to do the right thing for the American people and that we’ll back down for fear of losing the House and not gaining control of the Senate,” Gingrey said.