Detailed text transcripts for TV channel - MSNBC - 20110104:05:06:00
Ceiling, it's the wall street folks who own much of that debt and will therefore feel the most pain if the u.s. government decides to forfeit its full faith and credit. tea party wing hates it. corporate interests need it. and stuck in the middle are elected republicans forced to choose between the people they want to vote for them and the people who fund their campaigns. solution? bluff your way out of it. the best outcome for republicans right now is to convince everyone they're not going to raise the debt ceiling and then use that threat as a bargaining chip against the white house. get the...
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