Detailed text transcripts for TV channel - MSNBC - 20130106:19:46:00
The debt ceiling is not the future. it's the past. it's allowing us to borrow money to pay for money we already borrowed. it's as if we spend money on our credit card and say at the end of the month i'm not going to pay it, and it wrecks your credit. it's not about future opportunity to borrow. it's spending already incurred. and if you look back at 2011, you can see the job numbers, the dip in the summer of 2011, when we went through that hostage taking. >> this is a matter of politics, carly, the reality is you have the business community, the white house will try to line up in a way that th...