Showdown at Gucci Gulch?

Is this Obama/Cantor confrontation over the debt limit issue going to be a defining moment? It reminds me a little of the showdown between Newt Gingrich and Bill Clinton in 1995 over Medicare and the federal budget, that culminated with the government shutdown. Clinton won that one – it was politically disastrous for Gingrich and the Republicans and set Bill Clinton on the road to political recovery.

I'm not saying this is the same thing. The characters are different, the situation is...