The current crop of House Republicans is more likely to self-sabotage than sabotage federal spending.
Breaching the debt ceiling would be disastrous for the economy. Indeed, even the possibility of a debt ceiling crisis could shake market confidence and tip the nation into a recession.
Andrew Biggs, a senior fellow at the American Enterprise Institute, told me that Republicans face a fundamental tension between their constituency and their ideology. “Republicans are historically the party of small government. But Republicans are increasingly the party of people who benefit from Social Security and Medicare.”
don’t expect a repeat of the dramatic showdowns we saw 12 years ago. A prolonged government shutdown—to say nothing of another debt ceiling crisis—wouldn’t play to Republicans’ advantage, and Republican leaders know it.When John Boehner took the speaker’s gavel in 2011, he led a caucus that broadly agreed on the need for dramatic deficit reduction.
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