There are a lot of factors at work here and one I think is ideology. There are some people in the Republican Party who have said they wouldn't vote for an increase in the debt limit no matter what concessions are made. They just feel the government is too big and we should cut it back and this is a very convenient weapon. So it's not entirely just about political advantage.
There is that of course in every political confrontation in every democratic country that's true. But the same Republican Minority Leader, Senator McConnell, said a few months ago my main aim in everything is to make sure that President Obama is a one-term president. So he said explicitly that political advantage is what he is concerned about. So I think there is a mixture of reasons.
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