Detailed text transcripts for TV channel - MSNBC - 20100303:11:46:00
Well because it has a degree of what we used to call home rule. can i say one thing about new york? this is the next shoe to drop in this country. we've so focused on the economic crisis. you look at new york, california. states can't print money. we have a real crisis coming down. the next phase, when a lot of states can't function. they get bailed out at the federal level or you know what. this is the major next step of the crisis. >> wow. going under. >> a downer. >> that's why i'm here. >> let's read from "newsweek." richard haass' article "the weakest link." in the 21st century, the princ...