Nick Gillespie of Reason.com and sans leather jacket gives about as good a summation of the debt ceiling debate as we have seen/read and helps partially explain why we haven't spent much time on it here at Beers with Demo.
1. August 2nd is a phony deadline. We are currently on double-secret probation.
2. Reaching a debt limit is not the same as defaulting.
3. Legislating in panic is no way to run a country. See also: Obamacare.
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1 comment:
#2 really says it all.
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