Even in the absence of default, credit agencies would almost surely downgrade our credit worthiness, producing increases in interest rates that would slow the economy, increase unemployment and force families into foreclosure and bankruptcy.

As the markets dropped, families would watch their retirement and education savings and their dreams disappear.

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Rather than reject the unthinkable, the tea party harnessed this potential harm as its weapon of mass destruction.

For pragmatists, it allowed a hostage-taking. The pragmatists threatened to defeat a raise in the debt ceiling unless Congress and President Barack Obama rejected taxes on the wealthy and accepted budget cuts that would move the country toward the tea party’s idealized vision of an America. Their dream is an alternate version of the United States — before the New Deal, the Great Society and civil rights laws alleviated massive inequality and injustice — and extended American opportunity.

The tea party faction could not achieve these goals through straight up democratic means because of their unpopularity. So it resorted to its threat of mass destruction. They were able to do so because they formed a disciplined bloc that gave them leverage over the House leadership and because of the threat that members who did not go along would face primary challenges from the right.

Hard-core tea party members were empowered by their oft-repeated disdain for reelection. They were liberated to pursue their radical course because they were freed from the traditional constraint on members of Congress, imposed by the need to face the voters.

Their goals were also served by the Republican Party’s success in selling the notion that the country faces an urgent debt crisis. Nearly every economist agrees that we face a long-term debt problem, but there is no reason it must be addressed by Aug. 2.

The concern that our credit may be downgraded if we don’t enact an immediate debt reduction plan is driven almost entirely by the loss of credibility in our political system — engendered by the phony frenzy surrounding the debt ceiling legislation.

While most economists agree that we need to address long-term debt issues, many recognize that our immediate crisis is high unemployment and economic stagnation, conditions that will most likely be exacerbated by sucking hundreds of billions of dollars out of the economy in the short-term.

The challenge for America is to stand firm in the face of terrorism, no matter the source.

Tea party members must reassess their distorted vision of patriotism and join true patriots in Congress in raising the debt ceiling promptly until 2013, without inflicting further economic harm on already struggling Americans.

The president should insist on a clean debt ceiling bill, Congress should get it to him — as it has dozens of times in the past — and the president should sign it promptly. So the nation can get on with addressing the truly significant problems that it faces.

William Yeomans, an American University law professor, served as Sen. Ted Kennedy’s chief counsel on the Senate Judiciary Committee and as a Justice Department official.