Tuesday, July 19, 2011

Video clip of the day

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.

1 comment:

SarahB said...

#2 really says it all.