Detailed text transcripts for TV channel - MSNBC - 20110726:04:03:00
Credit card debt is manageable, but if we stay on the current path, our growing debt could cost us jobs and do serious damage to the economy. more of our tax dollars will go to paying off the interest on our loans. businesses will be less likely to open up shop and hire workers in a country that can't balance its books. interest rates could climb for everyone who borrows money. the homeowner with the mortgage, the student with a college loan, the corner store that wants to expand. and we won't have enough money to make job creating investments in things like education and infrastructure, or pa...