Beck was just trying to make a point, that there is a difference between a loan that you can and will pay back, versus a loan that you can never pay back nor your kids nor your grandkids either.
He wasn't excusing profligacy at all, rather the complete opposite. As he does night after night. He irritates me on the birther attacks, but he is right on the money 98% of the time and says it better than I can.
What are you talking about? He sure as hell did correct his guest who was warning about national debt by telling us how great it is that he has his own person debt that allowed him to buy his house and cars. The point should have been made that there is a difference. The bank knows Beck will make good on his payments. They know he has a good job. They can watch him work on their television sets.
He also said (to your point) that the debt he has is managable. Not like some