Detailed text transcripts for TV channel - MSNBC - 20131009:01:16:00
There will be the kinds of consequences that you just described and those numbers are almost impossible to get your head around. we just have never seen anything like that, not just in modern times, we have never seen anything like that as a country. as an economist, do you ever worry that predictions are so dire nobody can even -- catastrophic or apock lippic that nobody can hear it and they turn to more comforting theories? >> you have to hope that cooler heads prevail. and what i worry about, what i described was just the effects of contraction because the government would be spending less....