A debt default would be catastrophic for the US – and Biden’s re-election chances | Walter Shapiro

If Democrats believe they can win the messaging wars' about a default, they're deluded. Republicans win either way

The favored metaphor on the left is to compare the trumped-up debt-ceiling crisis to hostage-taking by the House Republicans.

But in a true hostage situation, both sides have something major to lose. The perpetrators risk not getting a payoff or, worse, spending decades in prison. For the families of the victims and the police, the danger is that the hostages will be killed during the negotiations or in the midst of a botched rescue mission.

Walter Shapiro is a staff writer for the New Republic and a lecturer in political science at Yale