Detailed text transcripts for TV channel - MSNBC - 20121126:21:07:00
Inflationary pressure. there's no evidence that we're going to defaument fault on our debt. so this idea started with the republicans in 2011 that we had to have dollar to dollar debt reduction for every single dollar that we increased the debt ceiling by. it's an economic theory that really doesn't have a lot of basis if you talk to economists. i think jared would probably agree with that. it's also an experiment that was tried in europe and it failed. what we need to be focusing on is -- we don't necessarily have to stick to the numbers in the august 2011 deal. >> going back to jared for a m...
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