This is a threat? He was going to do that anyway. Screw him. The best thing the GOP House can do at this point is to take his damn checkbook away from him. Don’t raise the debt ceiling, and watch him squirm. You wanted $100 billion in spending cuts? Refuse to raise the debt ceiling, and you will get over ten times that.
The fact that there is a 1% chance of that happening tells me that we're now in free fall. I don't see anything changing until we hit bottom. The only question is when.