Detailed text transcripts for TV channel - CNN - 20100411:19:49:00
Those have been really effective in the past in limiting budget growth and keeping deficits from becoming a greater problem. >> pay-go and spending caps are positive measures, but they only help to keep the problem from getting worse. many other steps will need to be taken. >> congress, just by nature, are good with the next selection but they're not good for the next generation. and as a result, congress for a long time has been ignoring our long-term problems. and the long-term problem is that we are putting so much debt on the books, our kids can't handle it. there was an $8 million federal...