Detailed text transcripts for TV channel - MSNBC - 20110811:20:03:00
Is economic austerity, meaning cutting spending aggressively before the underlying economy really comes back. what do they have to show for it for the previous two quarters? growth rates that are just about zero. they grew, as they put it, not 0. % in the quarter. 1yu69 about a zero broeth rate in the second quarter. now, we're doing a similar kind of experiment here talking about aggressive cutting as if that would help boost growth. of course, it goes exactly in the other direction. now, i'm not drawing a direct linkage between those policies and riots, that's more deep-seated. in terms of t...
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