Although many come from more privileged backgrounds than the president, the Republicans in the House of Representatives, on the other hand, cannot be accused of being elitists. On the contrary, they are contemptuous of formal education and wear their ignorance of the world and the economy as almost badge of honor. The contrast between the House Republican outlook and that of the president is extreme and playing itself out over the debt ceiling negotiations in a dire manner. Where President Obama, based on his negotiating strategy, sees a troubled but complex economy and recognizes the reality that failing to extend the debt ceiling would be a devastating mistake, the House Republicans see another opportunity to bang the anti-tax drum while continuing to live in an economic fantasy world where they can cut taxes and balance the budget either by magic or, failing that, by eviscerating what is left of the American economy and social fabric.