Everyone in Washington seems to be excited about the debt deal that Republicans and Democrats were able to shake hands on today. Pundits are prattling, politicians are posturing, and everyone believes that their side won. But as this new video by the Cato Institute points out, there is nothing more than belief about success coming out of this debate.
With Congress finally coming to an agreement that they will come to an agreement later, nothing substantive has been achieved. We have just kicked the “debt crisis” can slightly farther down the road.