Detailed text transcripts for TV channel - CNN - 20110508:19:13:00
House is, we've raised up a little bit of our credit card debt and you just say, i'm not paying the bill. >> you're going to prioritize your mortgage payments and not pay anything else. people say we can pay the interest and we'll be fine. we have revenue to pay the interest, but we're not going to have enough revenue to come in and pay a lot of our non-discretionary spending. >> mark is a friend of our show. mark, are there those who say raising the debt ceiling is not a policy tool but what do you say? >> let me say this. i understand the policy issues, and certainly we've made the decision ...
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