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Detailed text transcripts for TV channel - MSNBC - 20100516:12:38:00

England who said the u.s. shares many of the same fiscal problems? >> we share them but were not in danger of defaulting. were servicing our debt, $300 billion a year. yes, were running large deficits. theyre likely to come down more quickly than those of europe because were growing faster than europe right now so tax receipts are bound to go up. they already started, in fact, and spending will come down here relative to the bailout expenses that we had last year. the european situation is diffe...
300 Billion 00 Billion Bailout Expenses Unemployment Rate Real Question Stutter Steps

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