Detailed text transcripts for TV channel - CNN - 20110514:17:04:00
America from defaulting on its debt. part of me wishes he never said that. but it is this climate of fear. is it necessary for politicians to finally reach a meaningful compromise by threatening that the world's going to come to an end? is this not the business of washington? and frankly, don't democrats have some bigger role to play here in saying, we get it, we have to cut a lot and we need some tax increases? >> i'll give you this example. there are people sitting at home right now, they have been extending paying their light bill, paying their phone bill. and until the light company or the...