Detailed text transcripts for TV channel - CNN - 20110521:17

Detailed text transcripts for TV channel - CNN - 20110521:17:03:00

>> that's not exactly what we're hearing from a lot of other conservatives. gloria gorborger is with us. 60% of americans say they oppose raising the debt ceiling, just 37% would be in favor of raising it. that would seem to bolster the republican argument that they want severe cuts in exchange for their vote to raise that credit limit. let's say the debt ceiling is not raised and the u.s. does, as will postulates, possibly default on some of its payments. are the consequences as dire as secretary geithner warns? is the public going to blame republicans who voted no or democrats who wouldn't girlfriend them the cuts? what's going to happen? >> the public will blame everyone. i think first of all the congress, and that means democrats, republicans and also the president of the united states needs to go out there as the secretary of the treasury has and explain what the consequences are. it's very clear from looking at

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