President Barack Obama has been outspoken that he wants a "clean," no-strings-attached bill to raise the federal government's borrowing ability.

But as the date on which the U.S. will hit the current limit approaches and Republican and Democrat legislators start last-minute negotiations, Nick Gillespie lays out three reasons why the only good debt deal is a dirty deal—one that ties any increase in borrowing capacity to specific cuts in future spending.

Click to watch. Go here to read the full argument.

About 1 minute, 30 seconds.

Produced by Anthony L. Fisher. Camera by Jim Epstein. "3 Reasons" graphics by Meredith Bragg.

MUSIC: "VI" by Björn & Gorden (http://www.flavors.me/bjoernandgorden)

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