Detailed text transcripts for TV channel - MSNBC - 20110209:12:11:00
Human capital laying idle -- >> medicare and medicaid are structural. >> i agree, medicare and medicaid are structural. i agree. that doesn't mean the entirety of new jersey's fiscal gap is a structural problem. a huge part of it is cyclical. let me just say, when the banks were in trouble in a cyclical sense we came in and lent them trillions of dollars of money at 0%. because we said, you can get through this. right? we said you are so important to our economy, we will not let you fail. if we looked at the states the way we look at the banks, think about what we'd be doing. if new jersey, il...
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