Detailed text transcripts for TV channel - MSNBC - 20131019:14:11:00
Of the austerity measures. >> there are a couple things to consider here. one, people think about the national economy and think about their personal economies. >> a bad way to think about it. >> and so because of that, it's difficult to try to explain to people that debt is good. i think also people misunderstand the sources of our debt and think china owns everything. no, it's our savings bonds. when i buy those for my nieces for their birthdays or birth, i'm contributing to that debt and i expect the return on that later and they'll get that 27 years from now. i think if people really under...