Detailed text transcripts for TV channel - FOXNEWS - 20110809:04:03:00
>> credit rating agencies are supposed to rate your ability to pay the interest on the debt you have. we have around 29 billion dollar interest payment, per month. we take in as a country 175 to 200 billion dollars, per month. which means we will always be able to pay the debt down. >> we've just announced we are going to increase the debt by for self trend trillion and interest rates -- seven trillion >> i'm saying our ability to pay our debt is sound and in intact. we have to get our debt down p no doubt. head of the s&p who i spoke to today said off camera, granted but he did say if we had ...
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