No one was going to default on the debt, that was a scare tactic to push this through while trying to stampede the republicans into tax increases which would have damaged them with their base. It didn't work because the tea party stood up to their own party to hold the line. The deal is still bad, but increasing taxes would have made it even worse.
There would have been no tax increases, tax cuts, deals good or bad, or anything else to even talk about if it wasn't for the Tea Party, because the debt ceiling increase would have been voted on in a non-controversial and bipartisan manner, as it has been for nearly 100 years, without them. They created the very threat they were "standing strong" against.
In your fun little story, how do the positions of Tea Partiers like Michele Bachmann factor in who said she wouldn't vote against a ceiling increase under any circumstances?
The apologetics are getting pathetic. They don't even make sense.