Detailed text transcripts for TV channel - MSNBC - 20120504:16:32:00
Growth. joining us now is senior editor of the new republic timothy noah, author of the great divergence" a book everybody should read. i wanted to jump off of some numbers in the "new york times" on the editorial page today talking about debt held by the top 1% or top 5 versus it the bottom 95%. in 1983, the top 5% in this country, 80 cents of debt was held for every dollar of income. in 19 3 in it erms of the bottom, 60 cents. those numbers have greatly changed. in 2007, the top 5% held 65 cents of debt for every dollar, in 2007, the bottom 95% held $1.40 for every dollar of income. debt is ...