Skanda Amarnath, the Executive Director of Employ America, and Arnab Datta, Senior Counsel at Employ America, dive into the current debt ceiling crisis. They discuss how the Biden administration's shift from non-negotiation to bargaining has emerged just days before a possible default. Reflecting on the damaging 2011 standoff, they explore why past mistakes continue to influence today's political landscape. The conversation also highlights innovative approaches like perpetual bonds and critiques the effectiveness of the debt ceiling in dealing with economic realities.