This debt-ceiling fight is different — and it means we could actually default this time
This debt-ceiling debate is different from 2011's in a few waysCongress experienced a similar debacle in 2011
Though that Congress came to an agreement at the last minute, dynamics in Congress now are quite different. The House speaker in 2011, John Boehner, united his party behind an approach to raising the debt ceiling, but McCarthy doesn't have the same support. McCarthy, whoin January, spent late nights persuading members of his own party to get on board with his legislation to raise the debt ceiling. He ended up changing his bill to appease some holdouts.
Sen. Ron Johnson, a Wisconsin Republican, challenged the definition of spending cuts, suggesting that proposing"a little less of an increase" in spending didn't amount to a cut. "I get it, the guys who day-trade may get a little skittish, but we have got to make the hard decisions that drive us toward fiscal responsibility," GOP Rep. Dusty JohnsonDaniel Pfeiffer, who served as a senior advisor to Obama,that Biden was right not to negotiate. The 2011 situation, he said,"left both sides angry about the result and was damaging for the country.
"Ultimately, both sides are going to have to save face," Brian Riedl, a senior fellow and economist at the conservative-leaning Manhattan Institute, told Insider."The president wants to be able to say that he beat back most of the Republican proposals, but Republicans need to come away having said they got something. And so the idea of a clean debt-limit increase is just not tenable. Everybody needs something to save face and say they won.
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