Detailed text transcripts for TV channel - MSNBC - 20131004:13:22:00
Together into one large crisis? >> i think if we briefed the debt limit everything will go down pretty fast. the government spending will be so significant in every part of the economy including manufacturing because defense is a key part of the recovery. financial markets will see a recession and there is no obvious response from policy makers. what good is that going to do? by definition they won't be doing anything. they have to raise the debt limit. the shut down of the government, after three or four weeks it becomes an issue. i don't think there is give on the debt limit. >> instant cris...