Detailed text transcripts for TV channel - MSNBC - 20130430:08:12:00
They say austerity. this has gotten conflated with the republicans' position. you should reduce the deficit but not by cutting defense and absolutely not in any way by raising taxes. if it requires raising taxes even a dollar, then better not to reduce the deficit at all. better possibly even to default on the debt which brings all the terrible consequences of a debt crisis all at once artificially. something they don't typically believe that further government action to help out the economy probably isn't merited. if you think of these academics who have become associated with austerity, they...