Detailed text transcripts for TV channel - MSNBC - 20181011:11:52:00
Crowd out spending as this last chart will show you. >> can you just go back to the last chart? it's very interesting. look at the year 2008. the one before that. it says it all, oh, wait, 2008, that's where the debt -- >> look, we had a big jump because of the recession on the financial crisis. even before that, we were not borrowing as much money. we have turned deficits into a way of life here. that has enormous consequences. and as this next chart shows, you will see the consequences for the federal government, which is what happens to its interest expense. so the red line is the federal g...