Detailed text transcripts for TV channel - CNN - 20100418:16

Detailed text transcripts for TV channel - CNN - 20100418:16:48:00

pretty picture. >> just in our final moments here, there's always this argument at least among politicos that the deficit doesn't matter to people, they don't get it. what is the danger of deficits this high? >> well, at the end of the day, if the deficit gets too big, america will start having to pay a lot more money -- a lot more interest, a lot more money to borrow money from the rest of the world. part of the reason that the deficit doesn't matter so much right now and has mattered less for america than it does for, say, greece, is the rest of the world is willing to trust america more than it trusts anybody else. so even though america has a big deficit, it's borrowing money at really favorable rates. at some point the tolerance of the international community will end and then just keeping up with the debt the same way if you have a credit card bill that's too high, you're spending a lot on interest payments and that's just treading water. >> i have to let it stop there. i cannot thank you enough,

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