Detailed text transcripts for TV channel - MSNBC - 20120407:11:53:00
Co-author of "white house burning." simon is also a professor at mit's sloan school of savings and management. let's look of those that the coup tri- faced following the war of 1812. >> well, the war of 1812 was a fiscal disaster for the united states. and it ended up with the british taking and burning washington because we hadn't put enough money into the military. and we didn't have the ability to issue and manage our public debt. and the point of the book -- the point of starting with the book is to remind people that bad things happen to good countries. we need to get control over the deb...
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