Detailed text transcripts for TV channel - CNN - 20110423:17:03:00
Trillion deficit per year matters to americans is it's like termites in the basement. they're eroding the economic foundation of our economic house. if you let those termites continue to eat and eat and eat, it collapses after a while. i think the long-term implications would be higher inflation and higher interest rates. those both have very negative impacts on the ability for the american economy to compete. >> good point. termites, you don't know there's a problem until one day your staircase collapse -- >> that's what's so frustrating. we know we have termites in the basement. >> christa, ...
Source: news source