CORRECTED-ANALYSIS-What default? Republicans downplay impact of
U.S. debt limit  Tue Oct 8, 2013 3:33pm BST  (Corrects Chamber
of Commerce position on debt ceiling in paragraph 15)  By Andy
Sullivan  WASHINGTON Oct 7 (Reuters) - The Obama administration
says a U.S. default would be "catastrophic." Economists say it
could plunge the country into recession and prompt a global
financial meltdown.  To many Republicans, however, the prospect
of the world's lone superpower juggling its bills doesn't seem
so bad. The government could muddle through without a debt-
ceiling increase as long as it kept up with interest payments
and a few other priorities, they argue.  "We are not going to
default on the public debt. That doesn't mean that we have to
pay every bill the day it comes in," Republican Representative
Joe Barton of Texas said on CNBC on Monday.   Nearly every
Republican in the House of Representatives voted for a bill in
May that would direct the Treasury Department to prioritize bond
payments and Social Secur