Detailed text transcripts for TV channel - MSNBC - 20110806:14:02:00
Light, and then they say how a country or a company responds to that. that's what they're doing with this negative outlook and saying if we don't get a more thorough growing deficit reduction plan over the next few years we could go from aa plus to aa. >> let's talk the history since 1917. the economy that survived. aaa rating through every war since world war i. every financial crisis since the great depression. so now what do you make of s&p saying the u.s. lawmaking process is less stable, less effective and they're saying it's worse now than ever? >> reporter: look, i think it's a combinat...
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