Detailed text transcripts for TV channel - MSNBC - 20110513:15:08:00
So the fact is the debt limit's going to have to be raised. the more important issue is how do we start attacking this enormous debt? we know that the -- we could balance budgets but we also have some real problems. they went into two ten-year wars. first time in the history we not only didn't raise taxes to pay for those wars, they cut taxes and decided to borrow the money from other countries. that's a prescription for failure. and that's one of the things that has to be corrected. >> senator patrick leahy. sir, nice to have you on this morning. >> good to be with you, 245u. >> we keep learn...
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