Douglas Holtz-Eakin Explains Why Not Raising The Debt Ceiling Is Really Bad Idea

Former director of the Congressional Budget Office, and former adviser to John McCain’s 2008 campaign, Douglas Holtz-Eakin explains in under a minute why the debt kamikazes are totally wrong:

FILED UNDER: Deficit and Debt, Economics and Business, Quick Takes, US Politics
Doug Mataconis
About Doug Mataconis
Doug Mataconis held a B.A. in Political Science from Rutgers University and J.D. from George Mason University School of Law. He joined the staff of OTB in May 2010 and contributed a staggering 16,483 posts before his retirement in January 2020. He passed for too young in July 2021.

Comments

  1. flypay says:

    Can I get an additional :60 from the professor on how this gets any better without doubling revenue (i.e. taxes)?