CNN AM Wake Up Call July 11, 2011
>> there's no credible argument, no responsible leader would say the united states of america for the first time in its history should not pay its bills and meet its obligations. that would be catastrophic for the economy. everybody understands that. there's a lot of political theater in this business. >> the government, by the way, has already maxed out it borrowing at $14.3 trillion. here's another story. an explosion at a naval base in cyprus. it's left at least 12 soldiers dead and 30 injuries. the blast was so powerful it knocked out power for one thid of the island. it starte...