The TIMEOUT had to be taken. It was 3rd and 1 or 5 (can't remember) from the Eagles 40 yard line and the play clock was running down close to zero. This is a spot where you can NOT afford to take a delay of game.
I think Ragtime was talking more generally than this game particularly. Either way, his point is that we do tend to burn quite a few timeouts because we don't have enough time to get set at the line.