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 holds 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. Before joining OTB, he wrote at Below The BeltwayThe Liberty Papers, and United Liberty Follow Doug on Twitter | Facebook

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)?