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Detailed text transcripts for TV channel - MSNBC - 20131003:16:42:00

But i do believe if we breach the debt ceiling, that is the kind of tank we re looking at. i guarantee that s going to wake people up. whether that wakes up the tea party, it won t happen. that s why we heard the president yesterday. you normally see both white house spokespeople and president try to calm people. he s saying now in interviews like yesterday this day is different. he s looking for preaction. there s a lot of people who believe eventually washington will come together and do these things and they are just hysterical kids on all sides but when it comes down to the last hour in part because it s happened at 11:00, 11:30, 11:59 that it s going to happen again. two weeks ago the government shutdown wasn t going to happen. smart money was saying, no, never. eamon, i m going to glif of give you the last word. those words by the president i should plug in an interview with john harwood he did say this time is different. he did say the market is not ....

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Detailed text transcripts for TV channel - MSNBC - 20131003:15:16:00

Raise the debt ceiling they don t go out on time. in a government shutdown, disability benefits still arrive on time. in an economic shutdown, they don t. in a government shutdown, millions of americans, not just federal workers, everybody faces real economic hardship. in an economic shutdown, falling pensions and home values and rising interest rates on things like mortgages and student loans and all of those things risk putting us back into a bad recession which would affect this company and those workers and all of you. that s not that s not my analysis. that s every economist out there is saying the same thing. the u.s. is the center of the ....

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CNN Legal View With Ashleigh Banfield October 3, 2013 15:13:00

You re not being frugal. you re just a deadbeat. right? if you buy a house and you decide man, this month, i would rather go on vacation somewhere, so i m not going to pay my mortgage, you didn t just save yourself some money. you re just going to get foreclosed on. so you don t save money by not paying your bills. you don t reduce your debt by not paying your bills. all you re doing is making yourself unreliable and hurting your credit rating. and you ll start getting those phone calls and those notices in the mail, and the next time you try to borrow, somebody s going to say huh-uh, because you don t pay your bills, you re a deadbeat. well, the same is true for countries. the only thing that the debt ceiling does is to let the u.s. treasury pay for what congress ....

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Detailed text transcripts for TV channel - MSNBC - 20131003:16:31:00

They don t go out on time. in a government shutdown disability benefits still arrive on time. in an economic shutdown they don t. goldman sachs ceo blankfein had even stronger words. there s a precedent for a government shutdown. there s no precedent for default. we re the most important currency in the world, reserve currency. payments have to go out to people. if money doesn t flow in, money doesn t go out. we haven t seen this before. i m not anxious to be part of the process that witnesses it. none has swayed angry birds in the house caucus. in the latest of absurd demands house republicans are demanding president agree to cuts in services quich lent to a debt ceiling increase including cuts to medicare and medicaid. congressman com cole one of the supposedly reasonable republicans in the house told the new york times, i m not going to give hmo a free vote ....

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CNN Legal View With Ashleigh Banfield October 3, 2013 15:16:00

Don t raise the debt ceiling, they don t go out on time. in a government shutdown, disability benefits still arrive on time. in an economic shutdown, they don t. in a government shutdown, millions of americans, not just federal workers, everybody faces real economic hardship. in an economic shutdown, falling pensions and home values and rising interest rates on things like mortgages and student loans, all those things risk putting us back into a bad recession which will affect this company and those workers and all of you. that s not my analysis. that s every economist out there is saying the same thing. we have never done it before. and the united states is the center of the world economy, so if we screw up, everybody gets ....

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