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Detailed text transcripts for TV channel - CNN - 20110529:21:04:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20110529:21:04:00

Washington is debt and deficits and that's about the budget. specifically the countdown to august 2nd, the day the treasury secretary tim geiger says he can't keep america from defaulting on its loans if we don't raise the debt ceiling. a number of republicans are challenging the notion that not raising the debt ceiling would be catastrophic. take the politics side. >> there is a technical default on the debt around the debt ceiling back in 1979, and that was just a mistake where they used to send out the checks and the checks got there a day or two late. just from that without all the politic...

CNNW CNN Newsroom May 29, 2011 - Vimarsana News

CNNW CNN Newsroom May 29, 2011

so he is running counter to conventional wisdom in that people still blame president bush for the current state of the economy. so i don't think it's -- while it looks like a great number, republicans ought to be jumping in and saying, oh, wow, the president is really vulnerable. when you look inside the numbers, he is less vulnerable than that would imply. >> let's take a look at some of the notable republicans who have said no just for the month of may for running for the gop election. jeb bush, donald trump, mike huckab huckabee. indiana govern. both present clear contrast to pres...