Detailed text transcripts for TV channel - MSNBC - 20110412:00:12:00
Making? what we're left with is the notion that any deficit and any government debt is bad. >> yeah. this is the problem i think of like, you know, econ kocon 101 econ 102, micro verse macro. what independent democrats, conservatives, and republicans have been good at doing is saying the budget is the same as your family budget. if we were in an economic crisis if your household, you'd cut spending, so we have to cut spending. was macroeconomics doesn't work that way. the global economic crisis that emerges if we default on our debt is obviously quite different what happens if in my household ...
Source: news source