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)
Scroll below for downloadable versions and subscribe to Reason TV's YouTube channel to get automatic notification when new material goes live.
