"I think we need to have that moment where we realize [we're] going broke. I think, personally, it would bring stability to the world markets."

-- Rep. Ted Yoho (R-Fla.) told The Washington Post.

Investors aren't as confident as this freshman congressman. Economists and budget experts warn that a failure to raise the debt ceiling could send the stock market plummeting and even create another recession.

Video: Default deniers speak out

NEXT: '10 times as much tax revenue'