Detailed text transcripts for TV channel - FOXNEWS - 20110802:22:09:00
Multiply by 30 and it swells to $114 billion per month. economists expect the u.s. will borrow $10.5 trillion in the next decade. at best, the debt deal will over that time cut $2.5 trillion. even that, some say, represents a slowing of growth, not through cuts and spending. >> it simply changes the ground rule for congress to make it more likely that they'll find more cuts going forward with the requirement of baby boom, the financial crisis and slowdown. we have bigger problems than the trillion of dollars this can address. >> the credit rating agency cited $4 trillion of the policy makers n...
Source: news source